“Have you wondered why politicians aren’t what they used to be, why governments seem unable to solve real problems?
Continue reading Capitalism will eat democracy — unless we speak up | Varoufakis
The Greek bailout referendum is ongoing and while waiting for the results in a few hours, it may be good for us to sift through the information and issues that come across pertaining to the Greek Crisis.
Continue reading Is Varoufakis Troika's Trojan Horse?
Three days ago, Greece interior ministry admitted it won’t have money to pay its June obligations to the IMF. A sizable $1.8 billion needed to be raised and from the looks of it, nobody in the EU is willing to kick the can one more time.
Continue reading Greece @ Breaking Point; Grexit Will Trigger ECB Demise
This is an interesting piece written by the unorthodox Greece Finance Minister Yanis Varoufakis for New York Times. Today is the resumption for Eurogroup Greek Debt renegotiations.
Continue reading No Time for Games in Europe
Update: Countries Joining Greek Anti-Austerity Rally
Greece’s new government continues to defy Eurogroup pressure, and its people is celebrating their new found freedom.
The Oligarchs are restless…
Continue reading Bankrupt But Free: Greek Revolution Unfolding
Europe’s Oligarchy has been caught off-guard by the look, style and character of the new finance minister in Greece, and they have all reasons to be.
Continue reading Who is Yanis Varoufakis, Greece's New Finance Minister?
“Nigel Farage commonly used “troika” to explain how the Greek government was run after the euro crisis in Greece. Farage pronounced “troika” as a derogatory term to refer to a “dictatorship” that is composed of a member of the International Monetary Fund, European Central Bank, and European Commission that “flies into Athens Airport and tells what the Greeks can or can not do.” [Wikipedia]
Greece, under the Syriza administration, is keeping its campaign promise of not taking any more bailout funds from the Union nor fully cooperating with it, effectively destroying the Union itself.
No less than Eurogroup chief Jeroen Dijsselbloem admitted this to be a fact.
Spaniards may be navigating g on the same track.
It is interesting to note that while Germany is threatening Greece about further “haircut”, or that the latter could be facing shortage of paper money soon, Russia is offering to bail Greece out should it decide to ask for it.
All of these mind-blowing events are happening within the first week only of Syriza Party”s hold on the Greek government. Yanis Varoufakis, the new finance minister, is also a blogger.
Watch the BBC interview on Yanis Varoufakis, too. It’s pretty clear the Cabal journalist is having a hard time.
Continue reading Greece Just Killed the "Troika"