I was reading this article in Athens News and it struck me (more…)
money
The latest story dominating the Greek media is something called a Lagarde list. The fact that the list is getting...
Impact of Taxation on the Public (more…)
Intervention for Alcoholism or Drug Addiction An intervention is an orchestrated encounter between concerned parties & a government that has a dependency...
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...
It's a cliche, but buy Welsh. Either buy Welsh products or buy products from Welsh service providers and retailers, the...
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...
If there was any doubt of the complete fantasy land that the current Greek government works within, this week brought another example....
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...
Obama and Hollande in France get easy points by saying they will tax the rich. (more…)
Bloomberg were covering a story this morning regarding a Senate investigation into HSBC's banking operations. It appeared to me as...
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...
A lot of things came out of Paul Tucker's testimony yesterday in front of a Commons Select Committee. The first was...
The EU summit on the weekend has announced that banks could now get direct access to a country's tax revenue...
So what are Eurobonds? This is government debt which is backed by all the governments in the Eurozone. What is...
From here Richard June 20, 2012 at 09:44 # The Euro has massive potential for Greece. It places limits of...
Government debt keeps getting larger even when adjusted for inflation. That's it. That fact alone shows that Obama's government spending...
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...
Reuters has a very broad article today outlining he possible consequences of a Greek exit from the Euro currency. It...
Trade deficit. That's it. Greece has a trade deficit of around 20 billion Euros a year. That means, Greece as...
"Greeks used to be very happy people because we were living off money that didn't belong to us," he said...
Central bank From Wikipedia, the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material...
Bailouts say banks can borrow as much money as they want, if the government can't pay the loans back directly...
Ponzi scheme From Wikipedia, the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material...
Troubled Asset Relief Program From Wikipedia, the free encyclopedia "TARP" redirects here. For other uses, see Tarp. This article is about...
The value of the Euro is controlled by the ECB through interest rates. To use a metaphor to explain how...
Athens News covers an intelligencesquared debate held in Greece yesterday. Roubini is one of the most respected economists on the...
Assuming Germany and the EU decide not to "bail out" Greek bank depositors. What does that say about the last...
The Papademos regime is leading the world to believe that despite the Greek government being of the verge of default...
There is one fundamental issue that could affect all Greeks in a default. Despite the economic problems in Greece being...
The Greek government is telling the Greek government that they must raid their pensions account to find cost savings. Apparently...
It has been in the news for month now. Greece's lender taking a 50% haircut on the their loans. But...
Barack Obama reminds me a lot of Papandreou in Greece. (more…)
At a time when the Greek GDP is not enough to service the Greek debt load, Papademos has announced that...
Ekathimerini spotted this important statement In his interview with CNBC, Papademos also stressed the need for wage reforms. “What you...
It seemed like the first thing the coalition government of the Conservatives and the Lib Dems announced is that they...
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...
In a succession of statements designed to coerce the Greeks into new austerity measures the central bank governor of the...
Kathimerini is one of the biggest newspapers in Greece. Today "the editors" have come out with an article dealing with...
Their mouth is moving..... boom boom But seriously, how can you tell when a politician is trying to do something against your best...
The bankers control of the Greek economy is set to increase in January 2012 with the private banks to start...
Looking past the obvious commentary given in the mainstream media which is "investors must think Germany is not a safe...
Okay, this is not a new thing, it has been going on as far back as anyone can remember but...
A TV station in the UK called Chanel 4 did a TV series called Go Greek For A Week The...
Like all governments, Greece spends more every year than it takes in in taxes. Also like all governments, Greece is...
The TSA does not want to kill Americans directly you understand, but is the TSA killing Americans by wasting money...
Papandreou calling for a referendum has not only put Greece in an interesting situation but also Angela Merkel (more…)
So it was announced today that Greek has been granted the next tranche of the bailout by the troika. The...
Basically the EFSF, (European Financial Stability Facility) will give money to banks when they need it, simple as that. Why...
How can Greece be forced to do such extreme measures for the sake of "cantagion". The answer is that the...
So the Greek parliament has passed the law which allows the public owned power company to collect an "emergency property...
The current PASOK government are carrying out 2 main actions to get the Greek government books under control. They are...
As a sign of the corrupt times we are living in and if it could not be more obvious that...
Although it is not completely clear the situation as per ekathimerini.com seems that the Greek state is softening it's stance...
I wrote on article which referred to the Bank of England's decision to continue to print money. That article grew...
The Bank of England has announced it will continue to stimulate the economy because of the faltering recovery. In other...
You would have thought that EU politicians would be wary about getting involved in making a cup of tea let...
It is obvious to anyone who walks down a commercial street in any city in Greece that a carefully constructed...
There is a group of people who have the potential to take control of the USA and nobody has realised...
Athens News has an interview with an "economist" Megane Greene To me, it is a complete mystery of why a...
