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Grexodus Again In Time for Brexit

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Another spring and another Greek crisis looms. Not that it was unexpected by anyone; Common Sense certainly called it last year when the EU Imposed another round of “extend and pretend” over the objection of Greeks and even the IMF. The timing is terrible though: with Brexit looming, the British are being gratuitously treated to […]

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Grexodus: Last Act

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Polls have opened all over Greece and will close at 1900 Eastern European Time (EST+7). Prime Minister Alexis Tsipras cast his ballot early in the morning undoubtedly checking “óxi” – no – in rejection of the creditors’ demands. For the leader of Syriza and for his Finance Minister, Yanis Varoufakis, the question is clear: accept […]

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Grexodus: One Minute to Midnight

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The bad news: The latest meeting of Euro Finance Ministers broke up on Monday without any agreement between Greece and “the Institutions” on the release of the final tranche of 7.2 billion euros[1]. The good news: No one had expected there to be an agreement, so it really wasn’t much of a surprise (yes, this […]

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Bumbling and Stumbling in Cyprus

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 Burning Down the House On Saturday, March 16th, EU Finance Ministers and IMF representatives announced that a deal had been reached with representatives of Cypriot President Nikos Anastasiades’ government to provide assistance to that nation’s beleaguered banks[1]. That was the good news. The “Men in Black” then disclosed the details of the agreement: Cyprus would receive €10bn […]

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

John Adams

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