{"id":5177,"date":"2015-02-02T21:37:19","date_gmt":"2015-02-03T02:37:19","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5177"},"modified":"2015-02-02T21:37:19","modified_gmt":"2015-02-03T02:37:19","slug":"chaos-fear-panic-descend-on-eus-hallowed-halls-of-power","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5177","title":{"rendered":"Chaos, Fear, Panic Descend on EU\u2019s Hallowed Halls of Power"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/wolfstreet.com\/2015\/02\/02\/chaos-fear-panic-descend-on-eus-hallowed-halls-of-power\/\" target=\"_blank\">Chaos, Fear, Panic Descend on EU\u2019s Hallowed Halls of Power<\/a><\/h3>\n<p>According to Greek private broadcaster Mega TV, \u201cYou just killed the Troika\u201d were the parting words that Eurogroup Chief Jeroen Dijsselbloem whispered into the right ear of Greece\u2019s new Finance Minister Yannis Varoufakis at the end of what was clearly a tense meeting. Varoufakis\u2019 response was a monosyllabic but no less emphatic \u201cWow.\u201d<\/p>\n<p>While Dijsselbloem\u2019s statement verges on hyperbole \u2013 it\u2019s hard to imagine that the Troika\u2019s dreaded three-headed hydra could be slain by just a few harsh words from a Greek economist-turned-politician \u2013 it\u2019s nonetheless a fair reflection of the atmosphere of chaos, fear and panic that has descended upon the EU\u2019s hallowed halls of power since Syriza\u2019s election victory last Sunday.<\/p>\n<p>For the first time since the global financial crisis buffeted Europe\u2019s southern shores, in late 2009, a country has voted in a government that refuses to play by the Troika\u2019s rules. In just its first week of power Syriza provoked the Troika\u2019s ire a number of times, by promising to raise the country\u2019s minimum wage and state pensions as well as put a halt to much of the former government\u2019s privatization program.<\/p>\n<p>In fact, according to a statement by Varoufakis, Greece\u2019s new government no longer wants to even have anything to do with the Troika. As the Greek daily<a href=\"http:\/\/www.tovima.gr\/en\/article\/?aid=672857\">Tovima<\/a>\u00a0reports, the message was clean, clear and aggressive:<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chaos, Fear, Panic Descend on EU\u2019s Hallowed Halls of Power According to Greek private broadcaster Mega TV, \u201cYou just killed the Troika\u201d were the parting words that Eurogroup Chief Jeroen Dijsselbloem whispered into the right ear of Greece\u2019s new Finance Minister Yannis Varoufakis at the end of what was clearly a tense meeting. Varoufakis\u2019 response [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,200,233,279,280,282,284,1167,2868,3138],"class_list":["post-5177","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-default","tag-ecb","tag-eu","tag-euro","tag-european-central-bank","tag-european-union","tag-greece","tag-troika","tag-varoufakis"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5177"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5177\/revisions"}],"predecessor-version":[{"id":5178,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5177\/revisions\/5178"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}