In a sentence, because the bailouts are funding an oppressive political regime. The bailouts allow the country to be run...
greek
Speaking to a broad spectrum of people in Greece I am starting to wonder if bank runs are a fiction...
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…)
A Greek newspaper has used the data collected by the Greek government's statistic collection agency to look at food inflation. (more…)
At the moment the Greek government is unable to work out how they can stop spending more money than they...
There is talk about a complete private sector strike tomorrow in Greece as a protest at further tax increases. But...
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…)
If there was any doubt of the complete fantasy land that the current Greek government works within, this week brought another example....
The current government in Greece has pledged not to cut the government workforce, proposed liberalizations of protected industries such as...
When I read this article about Nikos Dendias I had to check if the Golden Dawn, alleged Nazi Sympathisers had been...
I wrote a couple of weeks ago regarding the pledge of the new govenrment in Greece not to fire anymore...
Let me first say I am not expert in Greek or Welsh, let me also say that I am not...
Phoenician alphabet From Wikipedia, the free encyclopedia (more…)
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...
ekathimerini.com came out with this editorial today (see bottom) and it is just the type of nonsense you would expect...
Even after 4 years the Greek government deficit is still over 2 billion Euros a month. When you look at...
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,...
So what are Eurobonds? This is government debt which is backed by all the governments in the Eurozone. What is...
From the LA Times - This is a continuation of this article By Veronique de Rugy May 18, 2012 Talks to...
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...
The callous nature of Greek politicians never fails to amaze the outsider. (more…)
I ma having an interesting conversation on the blog. The blog is written by Yannis Varoofakis an excellent Greek economist. This is...
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…)
It has been announced by Skai that on the 15th of May the Greek government is to cease paying any...
If there was party that had these political beliefs, would you vote for them? (more…)
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...
I knew they were converging on their views, but today confirmed that they have finally melded into the same entity...
So a judge is not the prime minister of Greece. Here is an article explaining the situation in more detail....
So you have the 3 biggest parties at the last election refusing to speak to each other, even though their...
So the parties can't come to an agreement. I say so what? The problem seems to be they cannot elect...
So the 3 main players are ND/Samaras, PASOK/Venizelos & Syriza/Tsipras. ND & Syriza want to renegotiate the memorandum. PASOK does...
Property law & reform. Greece, has arguably the most desirable real estate in the world. Unfortunately, if you want to...
You have to hand it to Venizelos, even though he is going to elections on Sunday he is continuing to...
Forget what you have been reading in the news, Greece is not suffering because of austerity, Greece is suffering because...
Alexis Tsipras, the leader of Syriza as usual has defined the Greek crisis perfectly in an interview with Reuters. "It's...
I forget the website now, but it was basically a page of funny photos with a funny comment to go...
The control the central banks have over economies is become understood by more people everyday. On the 6th of April...
Apparently Greek banks could need up to 50 billion Euros to stop them from becoming state entities. Ever since Gordon...
Samaras had a nice piece in the Wall Street Journal today which has been reproduced by Athens News. (Included below)...
An event which brings home the humanity of the situation in Greece. An event like this hopefully will show that...
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...
The value of the Euro is controlled by the ECB through interest rates. To use a metaphor to explain how...
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...
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...
Athens News ran an editorial today saying how important it was for the Greek government to reform, not so the...
The Greek government, in alarmingly fascist behaviour, is giving the Greek population financial advice although it has no obvious authority...
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 ECB is currently influenced by German politicians (Bear with me, it takes a while for me to get to...
Forget all the tosh you see in the news. This lady hits the nail well and truly on the head....
The BBC had a little piece on how Goldman Sachs had cooked the books to allow Greece to join the...
An editorial in Athens News today highlights the Greek media's complete state of denial with regards to what is happening...
The recession in Greece is completely artificial and completely unnecessary. The Papandreou and now the Papademos regime have had to work...
Greek bank deposits are around 180 billion Euros. (more…)
Having seen this video it seems the Greek government is making the exact same mistakes as the US government. What...
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....
The Papademos regime is leading the world to believe that despite the Greek government being of the verge of default...
The politicians no longer represent the wishes of the electorate. That is the one simple fact. It is that simple....
Links to site showing live video streaming of the Athens riots against the suicidal austerity measures http://www.livestream.com/epamwebtv Global Revoltution – Live Video...
It does not matter what the politicians or bankers believe is the "right" thing to do. The polticians have open...
There is one fundamental issue that could affect all Greeks in a default. Despite the economic problems in Greece being...
German finance minister Schaeuble is quoted today by Reuters as saying; "The promises from Greece aren't enough for us anymore,"...