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As Greece plunges even deeper into economic chaos, Greek Prime Minister Alexis Tsipras says that his government is prepared to respond to the demands of the EU and the IMF with "the great no" and that his party will accept responsibility for what
The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow.
Europe 'gives Greece ANOTHER £2billion' to prevent banks closing as Tsipras snubs Brussels talks to 'make a deal with Putin'
As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe.
In Athens on Friday, the ATM lines began to form in earnest.
One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with "creditors", .....
The writing has been on the wall for quite sometime.
Just to throw a little grease on that Saganaki…….
Government Denies Capital Controls; Citizens Pull €2bn in Three Days
"Everybody's doing it," said Joanna Christofosaki, in front of a Eurobank cash dispenser in the leafy Athens neighbourhood of Kolonaki. "Our friends have all done it. Nobody wants their money to be worthless tomorrow. Nobody wants to be unabl
"Everybody's doing it," said Joanna Christofosaki, in front of a Eurobank cash dispenser in the leafy Athens neighbourhood of Kolonaki.
Central bank issues chilling warning that Greece could be thrown out of the European Union unless it reaches a deal fast
The writing was already on the wall after several EU officials expressed reservations about the feasibility of striking any sort of compromise with Greece's negotiating team in Brussels on Sunday, and now it's official.
"Last Try" in Greece
One Week After "Massive" Outflow, Greek Depositors Yank Another €600 Million From Local Banks
"Yanis, have this nourishment for the nerves. You're going to need it," German FinMin Wolfgang Schaeuble told his Greek counterpart last week, presenting Varoufakis with a box of chocolate euros at a meeting in Berlin.
With Greek PM Alexis Tsipras seemingly determined to take negotiations over pension reform and VAT hikes down to the "Zambian" bundle wire on June 30, and with the IMF having shrugged its shoulders...
While talking heads have proclaimed any Grexit contagion will be contained... it appears they are wrong (surprise!).
Why Is The EU Forcing European Nations To Adopt 'Bail-In' Legislation By The End Of The Summer?
The European Union is moving forward with a set of guidelines for labeling products coming out of West Bank settlements as more grassroots attempts at sanctions and divestment are gaining momentum internationally.
With Greece and creditors unable to come to a compromise on a deal over the past several days, we've said repeatedly that despite claims to the contrary by Greek economy minister George Stathakis, Greece will not make Friday's €300 million paymen
Alexis Tsipras met European commission chief, Jean-Claude Juncker, to push for 47-page reform programme, with positive results but no breakthrough
Will Tsipras Survive? Lesson in How to Answer a Question
Greek officials keep stating a deal is near. Meanwhile, Goldman Sachs Warns Greece May Need to Default on Debts as IMF deadline looms.
Property Crash Looms In London?
There appears to be little or nothing in the monetarists' handbook to enable them to assess the risk of a loss of confidence in the purchasing power of a paper currency.
The European Union Explained* (Publisher Recommended)
As the farcical negotiations between Greece and its creditors unfold ahead of a June 5 IMF payment and as Alexis Tsipras is forced to spread false hope just to avoid a terminal bank run, a picture of the Greek endgame has emerged.
If, like us, you assumed that Greece's move to effectively take out a loan from the IMF to pay back a previous IMF loan represented peak absurdity in the increasingly tense standoff between Athens and its creditors you would have been wrong because
One way or another the crisis in Greece is highly likely to come to a head in June.
