Greek PM calls new election
A bold move by an administration in an impossible position.
greece
Treaty of Versailles – Greek edition
Just like there clearly are first class Euros and second class Euros, it is just as clear that there are first class Europeans and second class Europeans. Nothing is settled and the chance of further conflict is high.
#ThisIsACoup
Twitter has responded to the savage terms of the deal that Greece has signed with other EU countries by the mass use of the hashtag #ThisIsACoup.
We Have aGreekment!
A deal has been struck for Greece. No Grexit, this time.
Slash Greek debt now!
Europe must agree to slashing Greece’s debt so that economic growth can begin again. Germany should understand this better than most.
Common People; Yanis Varoufakis is all Class.
The Greek Finance minister has unexpectedly quit. He had already said he would resign if the referendum was lost; nobody expected that he would go after such a stunning win. But it was the strategically correct thing to do. Why can’t some of the veterans in the NZ Labour Party take the hint?
The Greek referendum
Update: the No vote is predicted to win a resounding victory with 61% support of the total valid vote.
Greece – damned if they do
Secret documents seen by The Guardian describe just how bad things will be for Greece if they accept the demands of the IMF / “troika”.
Greece defaults
As the last Global Financial Crisis taught us, we’re in for another round of protecting the banks and letting the people suffer.
Greece and the Euro crisis
The invisible hand of the market is busy punching itself in the face today. Some observations on Greece and the Euro crisis, from the factual to the fun, courtesy of Twitter this morning.
Greece to reclaim its future?
Greece has voted to reclaim its future from the banks.
Europe & the anti-austerity left
The UK Green Party is gaining in popularity as many people turn away from the 3 established parties. The radical left Syriza party in Greece could possibly gain power in their election – what powerful international right wing forces would then be unleashed?
Sunday Reading
I’m going to try and put up a piece each Sunday of interesting, longer, deeper stories I found during the week. It’s also a chance for you to share what you found this week too. Those stimulating links you wanted to share, but just didn’t fit in anywhere (no linkwhoring). This week: Greece, Watergate and Tax avoidance.
ImperatorFish: Coach Hails Greek Football Bailout
Intense negotiations between Greece and UEFA officials over the last two days have resulted in an announcement that Greece will be the recipient of a bailout package.
NRT: And so its come to this…
No Right Turn on the plight of democracy in Greece.
A new type of coup?
In the old days soldiers marched onto the floor of parliament with fixed bayonets to replace governments and frustrate the popular will.
Now it is being done differently
Greek democracy
So, a government says that the people will have the say on its budget, and global markets plunge. Was there ever a clearer sign that the interests of the capitalist elite and the people are at odds, and the capitalists know it? It’s interesting that Papandreou has chosen to force a crisis and headed off a coup. Around the world, ordinary people want radical change.
Teetering on the brink
Over the last couple of months two potential crises have been unfolding in two very different countries. Greece and America both looked to be in danger of defaulting on their huge debts and triggering a cascade of disastrous consequences. The situation is still unfolding…
Call your broker…
As recently discussed, sovereign debt may well be the next crisis point in the world’s unstable financial system. In breaking news, things aren’t looking too rosy right now.
Sovereign debt
The world’s economy has not truly recovered from the recession, it has just been artificially reanimated by vast injections of Government bailout money.
What happens when taxpayers get the bill? The people of Iceland just voted not to pay. This may be the first in a cascading series of failures of “sovereign debt”. If so, the next crash will make the recent recession look like child’s play.