When reality meets mythology
ATHENS — Greece’s combative finance minister, Yanis Varoufakis, abruptly resigned Monday morning in what appeared to be the first move at conciliation by Prime Minister Alexis Tsipras toward the country’s creditors after Greek voters’ rejection on Sunday of a bailout linked to austerity.
Mr. Varoufakis’s announcement came as leaders around Europe sent conflicting signals about whether they would continue to support Greece, and whether a compromise could still be possible on a new bailout program or on debt relief — a question with implications not only for Athens but for the broader euro currency union.
Greek banking executives said Monday that the country’s banks, which were supposed to reopen on Tuesday after being closed for more than a week, would remain closed until at least Wednesday. […]
Mr. Tsipras may recognize that Greece has only days, if not hours, to wring some kind of deal from its creditors before full-scale economic collapse sets in. The country’s banks are on the verge of running out of euros, and Greeks could soon begin to suffer shortages of fuel and other imported goods.
“By the end of the week, we may see most A.T.M.s out of cash, massive pressure on the payment of upcoming public sector wages, tourism issues and wider economic damage,” analysts at Deutsche Bank said on Monday in a note to clients.
They should force Greece to trade one of their islands to forgive their debts and be done with it. Could be a good lesson to all these socialists who over spend.
However, I am not sure what part of California to sell off.
Kleptocrats gonna klept.
Really, is anyone with more than four functioning synapses surprised?
Lemme see if I understand this: The PM won his refereundum i.e. no to austerity conditions attached to Other People’s Money (but we still want that money!), but his finance minister resigned, and we’re supposed to believe that was meant a gesture towards concilliating the Folks Who Control Other People’s Money?
I don’t know who the Idiot is, the PM, the Folks Who Control Other People’s Money, the Greek People, or the reporter, but I can tell you that the Former Finance Minister is most certainly not the Idiot.
I am not sure what part of California to sell off.
Whatever part is blocking the irrigation to the central valley.
Greetings:
I don’t know how this would go in Greek, but in Bronx English it goes:
You ate the ice cream,
Then you ate some cake,
And now it’s time,
For your bellyache.
Keep the valley and the mountains that water them. But when you auction off SoCal don’t let Mexico bid until they pay the back rent.
And tempting as it might be, don’t sell Berkeley to North Korea unless they pay cash. In hard currency. And check ALL the bills for authenticity.
“Varoufakis said he looks forward to returning to the classroom environment, where his fancy financial theories always work like the models predict, and the students always comply with his aggressive style.”