January 9, 2019
Lindsay Lohan’s Reality Show Is Bad, But Not Fun Bad
I wanted to be wrong about Lindsay Lohan’s Beach Club. Even though the trailer for her new reality show made…
Hard hitting global and local news
Hard hitting global and local news
I wanted to be wrong about Lindsay Lohan’s Beach Club. Even though the trailer for her new reality show made…
The trailer for Lindsay Lohan’s Beach Club makes me sad. It opens with Lohan looking like she waltzed out of…
View post: Greece Loses 17,000 Jobs in July, Most Since 2001
More: Germany Isolated as Greece Near €86 Billion Deal With Creditors; Ambitious Yes, Feasible No
While the politicians are are scrambling to "save" Greece, please note Italy’s Non-Performing Loans Hit a New Record High . The real danger to the euro area probably doesn’t emanate from Greece, but from two of its heavyweights, namely France and Italy. A small note in the European press reminds us that all is not well in at least one of these countries, least of all with its banks (currently this is only a “page 16 storyâ€, but it has great potential to eventually move to the front page)
There was no agreement on Saturday or so far today.
The Guardian reports Greece Requests 3-Year Bailout and Promises Reforms Within Days . Greece has submitted an application for a third bailout programme, in an attempt to avoid crashing out of the eurozone. The finance minister, Euclid Tsakalotos, marked his third day in office by requesting a three-year aid plan from Europe’s permanent bailout fund, the ESM
The Guardian discusses practical math in With a Return to the Drachma Unwanted, Could Greece Just Print its Own Euros? It is certainly physically capable of doing so: the Greek central bank owns a press in Holargos, a suburb of Athens, that once printed drachma and is currently one of 14 high-security currency printing works across the eurozone producing euro banknotes. But actually going ahead and printing unauthorised notes would amount to a declaration of war on the European Central Bank.
Anyone recall Roosevelt’s Executive Order 6102 outlawing gold? Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States"
Today we also learned the Syriza Left Demands ‘Icelandic’ Default as Defiance Stiffens .