{"id":24407,"date":"2015-08-13T13:12:08","date_gmt":"2015-08-13T18:12:08","guid":{"rendered":"https:\/\/www.battleswarmblog.com\/?p=24407"},"modified":"2015-08-13T13:12:08","modified_gmt":"2015-08-13T18:12:08","slug":"greece-dispatches-from-the-boned","status":"publish","type":"post","link":"https:\/\/www.battleswarmblog.com\/?p=24407","title":{"rendered":"Greece: Dispatches from the Boned"},"content":{"rendered":"

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 and its creditors supposedly have a third bailout deal<\/a> inked, and Greece settles into its clearly defined misery, let’s take a look at exceptionally bankrupt Greece these days, shall we?<\/p>\n

  • Via Zero Hedge comes former Greek finance minister Yanis Varoufakis’ detailed review of the bailout agreement<\/a>. It’s a mixture of self-serving lies (trying to distance his own Syriza party from the horrific economic mess they made acutely worse) and brutal truths (about just how screwed Greece is by the agreement).\n
  • Speaking of Varoufakis, it looks like he’s going to be up on hacking charges<\/a>…for preparing emergency plans to float the drachma.\n
  • Oh: He also says the latest bailout deal won’t work<\/a>. He’s not wrong…\n
  • Greece’s economy miraculously grew in the second quarter<\/a>. But that was before the full effects of the crisis were reflected…\n
  • Greece’s tax revenues have collapsed<\/a>.\n
  • Greece’s manufacturing sector fell off a cliff<\/a> in July. Funny how that happens when your banks are closed and you can’t pay for goods.\n
  • Greece faces two years of recession<\/a>. That part’s probably true. But that primary budget surplus? Yeah, not so much.\n
  • “Greece’s banks just made the mistake of being banks in Greece.”<\/a>\n
  • After all that? Greece still isn’t fixed.<\/a>\n
  • To add a cherry on top, Greece’s refugee crisis continues to grow<\/a>. Because it’s still safer to live in bankrupt Greece than the Middle East…\n<\/li>\n","protected":false},"excerpt":{"rendered":"

    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 and its creditors supposedly have a third bailout deal inked, and Greece settles into its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":20,"footnotes":""},"categories":[422,16,49,232],"tags":[2879,225,1193,2870,221,1223,1669,2875,2634,2714],"class_list":["post-24407","post","type-post","status-publish","format-standard","hentry","category-budget","category-economics","category-foreign-policy","category-welfare-state","tag-budget","tag-euro","tag-european-debt-crisis","tag-foreign-policy","tag-greece","tag-piigs","tag-syriza","tag-welfare-state","tag-yanis-varoufakis","tag-zero-hedge"],"_links":{"self":[{"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24407"}],"version-history":[{"count":4,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24407\/revisions"}],"predecessor-version":[{"id":24413,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24407\/revisions\/24413"}],"wp:attachment":[{"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.battleswarmblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}