The Corner

Collateral Damage

The Finnish demand that their portion of the second Greek bailout be adequately collateralized (which could well mean that any net transfer of cash from Helsinki to Athens would be severely reduced) continues to cause ructions. Open Europe’s blog has an excellent round-up here.


In particular it is worth noting.that this demand cannot be waived except by a vote in the Finnish parliament, a building filled with MPs extremely conscious of the ever-increastng popularity of the eurosceptic True Finns. At the same time, Greece’s agreement to provide the Finns with collateral will have (one way or another) to be approved by all Eurozone parliaments. As things now stand, that will not happen.


Oh yes, the IMF also (reportedly) opposes collateralization (it runs against its senior creditor status).


Tick tock.

Most Popular

White House

Trump and the ‘Racist Tweets’

What does “racist” even mean anymore? Racism is the headline on President Trump’s Sunday tweets -- the media-Democrat complex assiduously describes them as “racist tweets” as if that were a fact rather than a trope. I don’t think they were racist; I think they were abjectly stupid. Like many ... Read More
White House

The Trump Steamroller

As we settle into high summer and the period of maximum difficulty in finding anything to fill in hours of television news, especially 24/7 news television, two well-established political trends are emerging in this pre-electoral period: The president’s opponents continue to dig themselves into foxholes that ... Read More
Politics & Policy

Ilhan Omar Is Completely Assimilated

Beto O’Rourke, the losing Texas Senate candidate who bootstrapped his way into becoming a losing presidential candidate, had a message for refugees who had come to America: Your new country is a hellhole. The former congressman told a roundtable of refugees and immigrants in Nashville, Tenn., last week: ... Read More

We All Wanted to Love the Women’s Soccer Team

For the first time in my life, I did not root for an American team. Whatever the sport, I have always rooted American. And if those who called in to my radio show were representative of my audience, many millions of Americans made the same sad choice. It takes a lot for people like me not to root for an ... Read More

The ‘Squad’ Gives a Gift to Donald Trump

On Sunday, Donald Trump gave the Democrats a gift -- comments that indicate he thinks native-born congresswomen he detests should “go back” to the countries of their ancestors. On Monday, the four congresswomen handed Trump a gift in return, managing to respond to the president’s insults in some of the most ... Read More