It seems we are back to the 2011 Papandreu’s implausible estimates from privatizations. Here is my take from Jan 2014.
Tsipras and the Transitive Property
During his speech at the European Parliament today, Prime Minister Tsipras, exposed a common argument heard very often from his national and international supporters: he accused the international creditors of the fact that their loans only served to payback (German and French) banks, rather than help the Greek people. (“The money that was given to […]
Points of View on Referendum
From Greece , from Germany (“Give the Money or I’ll Shoot”) courtesy of Daiily Shot
Who Benefits from Grexit ?
Greece Clashes: Video of fire bombs, tear gas… di RTnews It is debatable whether Grexit will be more or less likely after a YES or NO vote on Sunday. While it has been argued that a NO vote may reinforce Tsipras’ hand in negotiations and may thus lead to concession on debt forgiveness, my impression […]
Tsipras’ choice : running with the hare and hunting with the hounds
On the surface, Tsipras’ decision to hold a Referendum on the EU agreement proposal seems irreprehensible. This is a crucial decision for Greece which would have far reaching economic and political implications for the next few years (Drachma vs Euro, Russia/EU influence). Democracy requires that the people should decide. This narrative is nonsense. Tsipras has […]
The GREXIT probability
The current state of affairs in the Greece’s drama makes Grexit slightly more likely than the alternative of Greece staying in the Eurozone. The Greek Parliament has just approved the Referendum proposed by Prime Minister Tsipras for voters to approve or reject the creditors’ proposal on July the 5th. Now the unfolding of events looks […]
Greece fast (bank) runners
Guess who is (and has been) running faster out of bank deposits in Greece ? source: @M_-McDonough, via The Daily Shot