In a sentence, because the bailouts are funding an oppressive political regime. The bailouts allow the country to be run...
EU
The latest story dominating the Greek media is something called a Lagarde list. The fact that the list is getting...
The Greek government is not prepared to compromise on this (more…)
The size of the police operation in Athens for Angela Merkel's visit is massive. According to keeptalkinggreece the security operation...
Merkel is planning to visit Athens on the 9th of October. There is no way this is going to end...
Just a quick post with a YouTube video (more…)
At the moment the Greek government is unable to work out how they can stop spending more money than they...
Athens News had a piece titled "Rein in the Troika", it was a prime example of the usual ignorant socialist...
There is talk about a complete private sector strike tomorrow in Greece as a protest at further tax increases. But...
A political party in Greece has launched a campaign to petition the government to launch an investigation into who agreed...
Post Here My Reply (more…)
I'm not sure if Rajoy is supposed to be left or right but his attitude to a Spanish bailout is...
How the 11.7 billion Euro Greek government "cuts" breakdown and our analysis (more…)
The mainstream media, the EU politicians & the markets seem completely oblivious to reality of what is going on in...
I am detailing constantly the completely fantasy that the Greek government is living in and today brought another example. (more…)
The current government in Greece has pledged not to cut the government workforce, proposed liberalizations of protected industries such as...
I wrote a couple of weeks ago regarding the pledge of the new govenrment in Greece not to fire anymore...
This week has been full of optimism about Draghi & Merkel's comments that they will do whatever they think they...
This is the type of news story that gets absolutely zero coverage in the mainstream media, why? Because it exposes...
It's been going for 8 years and the Greek government is still no closer no reducing it's deficit and in...
I was speaking to a Greek lady yesterday and she was wondering what the effect would be in Greece now...
Let me say from the off that I think Peter Schiff rocks but when it comes to austerity in Europe...
So the news reports that Rajoy is following the same program of "austerity" as Greece. The effect that so-called "austerity"...
ekathimerini.com came out with this editorial today (see bottom) and it is just the type of nonsense you would expect...
Russia Today commented on an article by Yannis Varoufakis regarding the ECB profiting by 840 million Euros on loans made...
Athens News is reporting today that the Greek government will not cut public sector wages any further, the government will...
Athens News reports today that out of the 1 billion Euro bailout tranche paid to the Greek government in June,...
The EU summit on the weekend has announced that banks could now get direct access to a country's tax revenue...
You would think Junker would have enough on his plate trying to implement his Eurobond idea but no. The next...
So what are Eurobonds? This is government debt which is backed by all the governments in the Eurozone. What is...
Government debt keeps getting larger even when adjusted for inflation. That’s it. For that reason alone governments trying to "help"...
You read the mainstream media and the defining message is governments have to do something. or government has to act...
Einstein said the definition of insanity is continuing to do the same thing and expecting a different result. If he were alive...
In a word a draw. I don't see anyway for there to be a clear winner in the June elections....
An analogy that sums up the Greek government crisis perfectly. The movie Casino and the dynamic between Sharon Stone/Ginger, Robert...
I ma having an interesting conversation on the blog. The blog is written by Yannis Varoofakis an excellent Greek economist. This is...
1. Fascist. You have the Spanish finance minister on TV categorically denying that the government has anything to do with...
This is a quote from Athens News today "If Greece unilaterally rejects the bailout deal it will be isolated for...
"I .... think about all those people who are trying to escape tax all the time. All these people in...
Wikipedia has a complicated explanation of fraudulent conveyance and why it is illegal but it simple terms it boils down...
The big target for the Greek government has been to reduce the primary budget deficit (ie for the government to...
Reuters has a very broad article today outlining he possible consequences of a Greek exit from the Euro currency. It...
So a judge is not the prime minister of Greece. Here is an article explaining the situation in more detail....
Listening to American talk radio it seems Americans have the idea that Europeans are unhappy because governments are cutting back....
Alexis Tsipras, the leader of Syriza as usual has defined the Greek crisis perfectly in an interview with Reuters. "It's...
For a bit of background on my thinking check on this post on the political manoeuvring behind the Greek election date. Getting back to this...
I had the pleasure of speaking to a lady working in Greece today and she was explaining the new taxes...
Athens News carried this article today This is the highlight (more…)
EU Carbon Tax. Getting straight down to business. (more…)
I have written before about the constant stalling on the holding of general elections in Greece. The news today is...
The mainstream media and Greek politicians are constantly pumping out articles which say that Greece is uncompetitive, how Greece should...
Athens News published a supposedly confidential IIF report on the cost of a Greek default. Here is my analysis. There...
I was speaking to some Greek on the weekend and they highlighted the issue of a manufacturer who exported to...
Time and time again I see Greek media telling the half the story. Today it is Kathimerini stating how it...
Athens News ran an editorial today saying how important it was for the Greek government to reform, not so the...
Are Greek politicians being unwittingly used to manipulate Greeks into accepting the surrender of their countries sovereignty to Europe? Greek...
The Greek recession has been, and is being deliberately induced by the Greek government. The purpose is vilify German economic...
Let me first says the Max Keiser is awesome. He brings an amazing amount of insight to the subjects he...
The European Central Bank (ECB) is the institution of the European Union (EU) that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of...
The ECB is currently influenced by German politicians (Bear with me, it takes a while for me to get to...
Assuming Germany and the EU decide not to "bail out" Greek bank depositors. What does that say about the last...
Naked Capitalism has an excellent article detailing the Greek government debt crisis. Here it is, the comments on the article are also...
The single biggest issue with a Greek government default will be the effect it has on the banks in Greece....
Μετάφραση από το Google Γερμανός υπουργός Οικονομικών Σόιμπλε είναι εισηγμένες σήμερα από το Reuters, όπως λέει? "Οι υποσχέσεις από την Ελλάδα...
German finance minister Schaeuble is quoted today by Reuters as saying; "The promises from Greece aren't enough for us anymore,"...
Εάν ο γείτονάς σας βρέθηκε σε αδυναμία να πληρώσουν την υποθήκη τους και τον τραπεζίτη σας για να σας ήρθε...
Απειλές είναι τα μόνα εργαλεία που Παπαδήμος και η ελληνική κεντρική τράπεζα έχει. Λογικό επιχείρημα αυτό δεν είναι με το...
If your neighbour found it impossible to pay their mortgage and your banker came to you and said, "you must...
The Greek government spends almost 2 billion Euros a month more than it takes in in taxes. (more…)
You have to feel for Samaras. I think he wants to do the right thing for Greece but he is...
The Greek government is telling the Greek government that they must raid their pensions account to find cost savings. Apparently...
Yuri Bezmenov aka Tomas David Schuman, outlines the methods for a communist takeover of the USA (although it could also be...
Yuri Alexandrovich Bezmenov (Russian: Юрий Безменов, also known as Tomas David Schuman; 1939 – 1997?) was a journalist for RIA...
There are 2 fundamental issues in Greece which could completely dissolve the Troika's control. 2 things that if they are exploited by...
I do not know about you but I was under the impression that when the news was talking about a...
But why? Germany has made it quite clear that it is the Greek government's choice as the whether they want...
Athens News had an article today regarding the subsidising of Greek ferry services. But why do ferry services need to...
The Greek economy has been mismanaged by consecutive greek governments. The Greek central bank has been instrumental in allowing successive...
It has been in the news for month now. Greece's lender taking a 50% haircut on the their loans. But...
