Tag Greece

How bad is it getting in Greece?

Bad enough that reverse migration is now happening. People are leaving Athens and moving to rural areas to escape the explosive political situation, high cost of living, and shuttered businesses. “Athens has failed its young people. It has nothing to…

Greek debt crisis “absolute nightmare”

Interview with Financial Times chief economics correspondent, Martin Wolf. From Wolf’s point of view, the choice is an easy one: Restructure now and force the private sector to at least share in the pain (for a change). But the banksters…

Greece may quit Euro Zone, Der Spiegel

Secret crisis meeting being held tonight in Luxembourg Everyone is of course furiously denying it. If Greece leaves, their new currency would be worth much less and their national debt consequently much higher. They would have no chance of paying…

Does Greece want Squid for dinner?

Greek PM George Papandreou says they will investigate the role of US investment banks in their debt crisis and that legal action is a possibility. As previously reported here, it appears that the Vampire Squid (AKA Goldman Sachs) had their…