Tag: debt

Greek Negotiations and Philosophical Questions
February 16, 2015 0

Greek Negotiations and Philosophical Questions

By News Desk

Greek Negotiations and Philosophical Questions Three interesting philosophical questions have arisen this evening in regards to Greek negotiations. The three questions I ask at the bottom of this post are based on statements made by a global foreign exchange strategy chief at UniCredit bank and two negotiation demands by Greek Prime Minister Alexis Tsipras. I highlighted in red and italics the source of my questions

Playground Bully Theory vs. Eurozone Gang Rules; The Only (and Ironic) Solution
February 5, 2015 0

Playground Bully Theory vs. Eurozone Gang Rules; The Only (and Ironic) Solution

By News Desk

In a interview yesterday on Zeit Online, Greek finance minister Yanis Varoufakis admitted the obvious truth: "I’m the Finance Minister of a Bankrupt Country" . It took an amazing amount of time to admit the obvious truth, but the important point is the truth is finally on the table. Effectively, Greece finally admitted that it has no more funds to pay the bully

Germany’s "Time Pressure" Thesis; Noose Tightens on Europe
February 4, 2015 0

Germany’s "Time Pressure" Thesis; Noose Tightens on Europe

By News Desk

Alexis Tsipras politely blasted the alleged German " generosity " in a letter to the German newspaper Handelsblatt. (See Alexis Tsipras "Open Letter" to German Citizens Regarding Extend-and-Pretend Unserviceable Debt ). I happen to agree with that letter in entirety, even though I strong disagree with other Syriza positions.

Contagion Catch 22; Finland Opposes Greece Bailout Deal; No Scope for Solutions
January 16, 2015 0

Contagion Catch 22; Finland Opposes Greece Bailout Deal; No Scope for Solutions

By News Desk

Even if Finland was agreeable to bailout changes, the Size of Greece’s Debt Limits Scope for Solutions . Eurozone finance ministers agreed in November 2012 to consider further debt relief for Greece once it reached a budget surplus before interest payments, which it did for the last two years, and as long as it stuck to its promises of austerity and reform. But how much scope is there to reduce Greece’s debt burden