Tag Archives: Syriza

LinkSwarm for July 12, 2019

The Jeffrey Epstein child sex trafficking scandal dominates today’s LinkSwarm, as does other people getting arrested for the same offense. Some kind of crackdown going on? We can only hope so. Also, if you live in Austin, traffic on I-35 … Continue reading →

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Greece: Dispatches from the Boned

So I haven’t done a Greek update in a while, since after Greece caved into the inevitable (Newsflash: broke people generally do not have leverage over those lending them money), it was all over but the shouting. Now that Greece … Continue reading →

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Fragments of a Greek State

The self-inflicted destruction of Greece has been accomplished, but they’re still going to be picking up the pieces for years, if not decades. And there’s no guarantee the heavy manners Germany and the troika are imposing will actually be enough … Continue reading →

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Greece Introduces Capital Controls

The economic collapse of Greece is unfolding pretty much exactly as observers predicted it would: “Greek banks have imposed an unofficial ceiling of €3,000 on walk-in withdrawals, the commercial banker added.” More capital controls are most likely coming, especially since … Continue reading →

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Bank Runs Start in Greece

The bank runs have started in Greece. Why the Greek peeople would even keep their money in banks, having the example of Cyprus’s bank “bail-ins” before them, would keep any but the most minimal amout of cash in a Greek … Continue reading →

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Quick Pre-Default Greece Update

It looks like the rest of Europe has finally wised up to the fact that Alexis Tsipras has been playing them for chumps. It should be obvious to everyone now that Tsipras and his far-left Syriza party have no intention … Continue reading →

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IMF Gives Up on Greece

The IMF just said to Greece “Screw you guys, I’m going home.” (Note: For the full effect, you have to say the preceding in the voice of Eric Cartman.) The International Monetary Fund said it was halting bailout talks with … Continue reading →

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Greece Debt Crisis Update for May 14, 2014

Greece managed to make its scheduled IMF loan repayment of around €750 million ($837 million) which “buys the country a few more weeks to reach a deal with creditors on fresh financing.” Greek finance minister Yanis Varoufakis said “Greece must … Continue reading →

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Another Greece Update: Back to the Shell Game

And the Greece shell game over implementing reform (or, since it’s Greece, “reform”) continues. Greece’s finance minister Yanis Varoufakis (who’s evidently still doing the negotiating, reports to the contrary notwithstanding) has handed the Eurocrats a proposal that doesn’t match what … Continue reading →

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Greece Shuffles Deck Chairs

Greek Finance Minister Yanis Varoufakis has been demoted, evidently because the EuroCrats he was negotiating with hated his guts (a significant drawback when you’re trying to convince creditors to pour more money down the rathole that is the Greek economy). … Continue reading →

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