In a sentence, because the bailouts are funding an oppressive political regime. The bailouts allow the country to be run...
Euro
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...
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...
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…)
I think it is obvious to even the casual observer but I thought I would take the time to point...
The ND government in Greece are continuing their line that the Hellenic Post Bank is unviable. (more…)
Banks are getting a bad press at the moment and it appears governments are people are powerless without them, but...
We can , as individuals, print our own, trusted, personal currency. After a conversation on Yanis Varoufakis's blog I found myself...
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...
Most of the media is saying that the answer to the crisis in the Euro is for the ECB to...
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...
You probably already knew Moody's were clueless and not to be taken seriously. (more…)
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"...
It is a common line by liberals that a Gold standard would be manipulated by the mega rich. The thinking...
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"...
From here Richard June 20, 2012 at 09:44 # The Euro has massive potential for Greece. It places limits of...
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...
The mayor of Volos is the most forward thinking poltician I know of in Europe. He is encouraging something which...
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...
Even I cannot believe it. This is the Editorial in Athens news today. (more…)
Wikipedia has a complicated explanation of fraudulent conveyance and why it is illegal but it simple terms it boils down...
The euro (Greek: Euro, Evros) (symbol: €? Code: EUR) is the official currency of the eurozone, which comprises 17 of...
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...
"Greeks used to be very happy people because we were living off money that didn't belong to us," he said...
I had the pleasure of speaking to a lady working in Greece today and she was explaining the new taxes...
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...
Are Greek politicians being unwittingly used to manipulate Greeks into accepting the surrender of their countries sovereignty to Europe? Greek...
The inflationary policy of the Fed vs the sound money policy of Germany. Is this battle of ideology being waged...
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...
Athens News covers an intelligencesquared debate held in Greece yesterday. Roubini is one of the most respected economists on the...
Greek bank deposits are around 180 billion Euros. (more…)
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....
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...
The Greek government is telling the Greek government that they must raid their pensions account to find cost savings. Apparently...
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...
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...
Ekathimerini spotted this important statement In his interview with CNBC, Papademos also stressed the need for wage reforms. “What you...
As usual the mainstream media in Greece has not missed the opportunity to denigrate and belittle the Greek people in...
Before talking about the new Drachma, we first have to identify the problem with the current Euro currency system and...
Merkel continues to put up impressive resistance to the attempts of Sarkozy and the international banks to put the printing...