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Grexit

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Grexodus: Óxi, Óxi, Óxi

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With slightly more than half the ballots counted, “óxi” is set to win a decisive victory. Since the first estimates were released, “No” has maintained a 20 point lead over “Yes”. With a 65% turnout, Mr. Tsipras has every justification to declare a tremendous electoral victory for Syriza and his leadership. He can thank the […]

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Grexodus: A Complex Morality Tale

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  The dance between Greece and her creditors has been extended for a few more weeks. The IMF has already confirmed that the Fund’s rules allowing debtor countries to regroup “multiple principal payments falling due in a calendar month.” Those rules were last invoked in the 1970’s by Zambia. Thus the June 5th payment has been delayed until […]

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Europe Calls Greek Bluff, But the Greeks Aren’t Bluffing

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Negotiations between Greece and the Eurogroup were broken off late this afternoon due to a failure to “find common ground,” as Eurogroup Chairman Jeroen Djisselbloem said during a later press conference. The Eurogroup had insisted that there was not enough time to renegotiate the bailout conditions prior to the the end of the current program […]

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“Our obligations to our country never cease but with our lives.“

John Adams

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