In a sentence, because the bailouts are funding an oppressive political regime. The bailouts allow the country to be run...
IMF
A short but very telling video about the Troika and Thomsen's view of the crisis that the Greek government is...
Is Tsipras and Syriza in general completely brainwashed or is their mission simply to make Greece a dependent on foreign...
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...
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…)
How the 11.7 billion Euro Greek government "cuts" breakdown and our analysis (more…)
The Greek government has come out today and stated that the Hellenic Post Bank is not viable. (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...
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...
So the news reports that Rajoy is following the same program of "austerity" as Greece. The effect that so-called "austerity"...
Athens News is reporting today that the Greek government will not cut public sector wages any further, the government will...
In a word a draw. I don't see anyway for there to be a clear winner in the June elections....
"I .... think about all those people who are trying to escape tax all the time. All these people in...
The big target for the Greek government has been to reduce the primary budget deficit (ie for the government to...
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…)
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...
The Greek recession has been, and is being deliberately induced by the Greek government. The purpose is vilify German economic...
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...
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...
There are 2 fundamental issues in Greece which could completely dissolve the Troika's control. 2 things that if they are exploited by...
The Greek economy has been mismanaged by consecutive greek governments. The Greek central bank has been instrumental in allowing successive...
As usual the mainstream media in Greece has not missed the opportunity to denigrate and belittle the Greek people in...
Kathimerini is one of the biggest newspapers in Greece. Today "the editors" have come out with an article dealing with...
It started on the weekend with the governor of the central bank of Greece telling people he will send the...
"Alternate Finance Minister" acknowledges government actions over the past 3 years have made things worse. Greeks have been put through...
Bloomberg reports that Christine Lagarde has stated that it is unfortunate that there are such things as democracies because they...
So Papademos has been in power for around a month and the Greek propaganda machine has come and said there...
If there was any doubt that increasing taxes reduces government tax revenues the Greek economic crisis proves it. Despite massive increases in taxes over the...
Athens News carried an article today saying how 3 out of 5 Greeks approve of Papademos as Prime Minister. How...
Looking at this article Ill go through the article piece by piece 1. Charles Wyplosz says this - Angela Merkel’s vision of fiscal...
From day one Samaras has said it was a mistake to raise taxes in a recession and expect to increase...
I'll get straight to the point. This is the quote In a July article in The Globalist, an online political...
Papandreou calling for a referendum has not only put Greece in an interesting situation but also Angela Merkel (more…)
The Greek referendum will end in a no vote. Every Greek I have spoken to say the "shock" referendum announcement...
Media outlets worldwide seem to be accepting the "official" story without question httpvh://youtu.be/QV8NqgEodtA (more…)
About the authorTakis Pappas is an associate professor of comparative politics at the University of Macedonia, Thessaloniki, Greece (on leave)...
Usually the 28th of October is day of celebration for the whole of Greece with the largest event being the...
The Greek debt problem is extremely easy to solve. Before it can be explained why, we first need to understand...
Reuters carried an in-depth article in July of 2011, I have pasted it in below. Basically it shows that the...
So it was announced today that Greek has been granted the next tranche of the bailout by the troika. The...
The following links show live video streaming of the mass protests in Athens in today. (more…)
Just because the threat of violence stops people from rebelling violently does not make the threats any less violent. Make...
First of all let me summarise some of the key points as given by the Greek media and Greek politicians...
So the Greek parliament has passed the law which allows the public owned power company to collect an "emergency property...
If was not obvious enough, the Former Assistant Secretary of USA Treasury and Former Editor of The Wall Street Journal,...
1. The key to the Troika (IMF, EU and World Bank) plan is to bring the government deficit down to...
The current PASOK government are carrying out 2 main actions to get the Greek government books under control. They are...
The bail out was orginally given to Greece to allow the PASOK government to reduce the government deficit. That was...
Forget about the bail outs, forget about Greece's next tranche of bail out cash from the Troika. Even if the...
It was announced that the Greek economy shrank by almost 7% in the first half of 2011 yet the government...
It is official, democracy has left the building in Greece. The Greek government is now arbitrarily introducing random taxes on...
The BBC has a nice article regarding the parallels between the Argentinian crisis and the current Greek problems (more…)
I have said before how Venizelos the Greek finance minister is living is his own fantasy land and today Athens...
It was televised live on several national telveison networks. Greece was the victim of an economic coup d'etat and there...
Same link as yesterday click here for live coverage outside the parliament and in the Indignant camp This TV station...
The bailout money is Tax Payers money. The EU Leaders want Greece to take this money so they can use...
That is what the Greek deputy prime minister has said will happen if Greece defaults (more…)
I have been trying to think of reasons why Papandreou would continue his course of action given all the evidence...
The "bail out" fro the IMF is completely backwards and is in no way designed to help the Greek economy...
I stumbled on this article in the Telegraph (more…)
