Greece: A Bridge Financing to Nowhere (and Other Stories)
As work on Greece’s bailout package continues, Brussels has arranged for the country to receive bridge financing. Here's why.
Grexit
Syriza: A Very Balkan Left?
Greeks are voting today and (FWIW) the latest chatter seems to be that the ‘no’ side (a rejection of the bailout deal) is doing well. ‘Interesting’ if true…
Under the circumstances, this ...
Greece Slides
As usual it’s worth watching what’s happening with the banks.
Hellas, ELA, Alas
Bloomberg (my emphasis added):
Deposit withdrawals from Greek lenders gathered pace in April as a standoff between the anti-austerity coalition and its creditors renewed doubts about the country’s future in the ...
Jean-Claude Juncker and the Anglo-Saxon ‘Other’
The Daily Telegraph reports:
The president of the European Commission has risked angering Britain after comments warning that the “Anglo-Saxon world” would seek to dismantle the European project if Greece was ...
Edging Towards Grexit?
Writing in the Daily Telegraph, the never-entirely relaxed Ambrose Evans-Pritchard :
Greece is drawing up drastic plans to nationalise the country’s banking system and introduce a parallel currency to pay bills ...
A Chaotic Balance of Terror on the Island of Stability
If Greece is playing the Russia card, the EU is playing the bank-run card. One of the things that brought Greece to the table a month or so back was the ...
Mission to Moscow
Russia Insider:
Desperate for cash, and playing all the cards in his hands, Greece’s newly elected PM is in a pinch. Having vowed to end austerity in his country, [Alexis] Tsipras ...
What’s Going on with Greece?
Away from ISIS and the disappearance and reappearance of Vladimir Putin, another drama, the negotiation over Greece’s refinancing, continues.
There was the immigration threat…
The Daily Express reported:
Cash-strapped Greece is currently facing pressure ...
Greece: Watch the Banks
As the less than amicable discussions between Greece and its creditors lurch on (complete with Trojan horse reference), a Greek bank run remains the event that could bring things to ...