Will the Germans Derail the Tentative Greek Third Bailout?
Human dynamics, which over time played right into the Germans’ and other hardliners’ hands in the earlier chapters of the Greek bailout talks, may now be working against them.
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Power 8, Sponsor of Everton FC, Fulham FC and RCD Espanyol, is a $250Mn Pyramid Fraud
Power 8, Sponsor of Everton FC, Fulham FC and RCD Espanyol, is a $250Mn Pyramid Fraud.
Read more...Greece Says It Has Reached a Deal with Creditors; New Research Says Germany Comes Out Ahead from Lending to Greece Even with 100% Default
Greece and its creditors have reached agreement on key terms for a so-called “third bailout”
Read more...Grexit Stumbling Block: International Courts Likely to Rule Against Forced Contract Redenomination
If Greece decides to exit the euro and abrogate contracts, it is not likely to fare well in the tidal wave of lawsuits and arbitration cases that would ensue.
Read more...Lagarde Supports IMF Ukraine Representative in Propaganda Trip to Venice, All Expenses Paid
The first direct evidence of IMF hostility towards Russians as a matter of policy, including multiple violations of the IMF staff code, and an attempt by Lagarde herself and her spokesman Rice to cover up the misconduct of their IMF representative in Kiev.
Read more...Greece’s Debt Burden Can and Must be Lightened Within the Euro
A proposal for breaking Greece’s vicious debt cycle.
Read more...Don Quijones: Businesses Flee Catalonia, Foreign Investment Plunges, as Confrontation with Spain Comes to a Boil
The issue of Catalan independence is no longer one based on pragmatic realities; as tensions have festered, it has become an almost purely emotionally driven issue, not just in Catalonia but throughout Spain.
Read more...The Challenges of the Greek Crisis
An overview of how the Greek crisis is stressing international institutions as well as (sadly and predictably) Greece itself.
Read more...IMF Staff Attempts to Spread Discord Over Greek Bailout to IMF Board
Nathan Tankus reports on the latest developments in the IMF staff’s growing war against a deal. Can they succeed in sowing dissent?
Read more...John Helmer: Tulip Sanctions – Russia Busts the Dutch Flower Trust, Almost
The Dutch flower market is a monopolist under assault. A case study of an economic and political struggle.
Read more...More on the IT Implications of a Grexit
Why it will probably take no less than three years to do the IT implementation related to a Grexit.
Read more...Greece Negotiations Already Starting to Look Wobbly
Silly me! I thought that given that the Greek government had prostrated itself and had complied with the creditor demand to pass legislation double-plus quickly or else, that the worst of the hurdles to getting the third bailout passed had been surmounted.
I should know better than that.
Read more...Debt Miracle: Why the Country that Borrowed the Most Industrialised First
Is debt really that bad? This column looks at the towering debts, rapid tax hikes, and constant state of war that led to Britain’s Industrial Revolution, showing that the devil is in the detail when assessing sovereign debt. When we consider the dangers of debt in today’s world, we should keep an eye on its potential benefits as well.
Read more...Comparison of Greek and English Version of Kathimerini Scoop on Varoufakis Parallel Currency Plan
Filling in some details on a bombshell report about a call that Varoufakis had with hedge fund managers about a parallel currency.
Read more...Greece’s Drachma Drama: Why Planning Is Too Important to be Left to Economists
In conference call with hedgies, Yanis Varoufakis claims to have had approval to plan a parallel banking system using the drachma: Plan B.
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