See this: url The main players in the Eurozone could be making a huge tactical error in stalling, which may in, the end, lead to adverse market reactions and the contagion they fear most. Until now, the international community, most notably the ...

Crippled Greece yields to overwhelming power as deal looms

Varoufakis has been busy in the media over the past few days doing his best to expose the neo-fascist shenanigans of "The Institutions". One might ask, 'To what end"? Could it simply be revenge for the way he was treated? I think not. To my mind, he ...

Crippled Greece yields to overwhelming power as deal looms

And, another headline trumpets, "Germany Bows to Huge Global Pressure for Debt Relief...." When Juncker says a deal is going to difficult, what could he mean? I think ratification in the German parliament is what he was thinking of. Just my 2c

Greece bends to creditors' austerity demands

There is no mention in the Eurogroup's statement you reference about debt relief, let alone any statement or implication that agreement on structural reforms would be a precursor to anything else. (However, you said "watch" which presumably means a ...

ECB's Draghi says a Greek deal "will be really difficult"

Can you help me out here? I can't find any evidence of Greece's negotiators agreeing to rule out talk of debt relief until a reform package had been agreed to. What I have found is a January 31, 2015 statement by Merkel simply stating that debt ...

ECB's Draghi says a Greek deal "will be really difficult"

It is right to ensure that a people is not allowed to forget the "sins of the fathers", but it not right to continue to heap the blame for these sins on their daughters and sons and expect them to perennially bear the consequences. Germany should ...

EU Tells Tsipras the Party’s Over as Euro Exit Door Swings Open

I am more confident now that the European Parliament is involved. There are many there who are not happy with their unelected managers in the ECB and EC, for many reasons, including their handling of the Greece crisis.

EU Tells Tsipras the Party’s Over as Euro Exit Door Swings Open

But, one needs to also ask: 'Why does the EU exist?' and 'What is the greater good?" Surely the justification of the EU or EZ does not simply exist at a collective level? In my opinion, economic union does not have any justification, in itself; nor ...

Statement of the Eurogroup President following the referendum in Greece

I don't know about the IMF having already made a different deal, apart from saying that Greece needs debt relief, but both sides were playing games right up to June 30. While the Greece negotiators, from the beginning, made it known informally ...

Europe is blowing itself apart over Greece - and nobody can stop it

Did you notice that there were 18 "OXI/NO" signs in front of the seated delegates and that these delegates and many others did not applaud Guy Verhofstadt (MEP for Belgium) when he finished his animated speech? It is enough to know that, once you ...

It only took two days for everyone to realise that the Greek vote was totally pointless

This is actually quite a good summary. I could add, however, that the taxpayers of Germany and France, in particular, also were lumbered with these debts - debts which were originally held by the large corporate banks in Europe and Goldman Sachs of ...

It only took two days for everyone to realise that the Greek vote was totally pointless

Yes, finally. If only this had been conceded earlier.

ECB's Noyer says Greece is on the edge of catastrophe

Elisabeth Yes, I have read that too. I hear the German public in particular has just about had enough, and this is what Angela Merkel is very aware of. Yes, well....let's leave it until more of substance happens. Most of us want Europe to work out, ...

Statement of the Eurogroup President following the referendum in Greece

Well well, we have international solidarity already lol

Statement of the Eurogroup President following the referendum in Greece

Yes, good point. After a few months of posing, teeth-baring and trap-laying, the outcome was probably predictable and inevitable - unless, of course, the leopard had changed its spots. I think the raising of the retirement age was needed (Greece's ...

Statement of the Eurogroup President following the referendum in Greece

To give credit where it is due, in 2012, by all counts, the Greek government did not give in easily to the Troika. Clearly their due diligence and the nature of the proposal they were confronted with, meant that they had every reason to tread ...

Statement of the Eurogroup President following the referendum in Greece

Thank goodness, they are no longer "my board"!! One of pillars of the corporate culture has become "productivity targets" which place ever increasing demands on front-line staff for "More". The usual interpretation of this is 'more financial ...

Statement of the Eurogroup President following the referendum in Greece

To the extent that any deal is an agreement, you are as right as EmptyEterniT; but let me add the following perspective: In regular lending, where normal, prudent disciplines are being applied, the onus is on the lender, normally a bank, to do their ...

Statement of the Eurogroup President following the referendum in Greece

Yo

Statement of the Eurogroup President following the referendum in Greece

Hi Elisabeth “The creditors should admit that the policies that they put forward over the last five years are flawed,” says Stiglitz, a professor at Columbia University. “What they asked for caused a deep depression with long-standing effects, and I ...

The case for Greece: when it forgave German debt