Blog/Sovereign Debt Crisis

EU Council President Donald Tusk Warns of Revolution in Europe

Polish EU Council President, Donald Tusk, was shocked by the fierce debate over the Greek bailout in the EU Parliament. He told the FT: “It was the first [...]

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IMF Says Greek Debt Should be Foregiven

Even the IMF has come out now to warn that Greece may need a complete debt write-off. This is sending an economic earthquake through Europe, for it undermines the [...]

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Talks with Greece Collapse

The EU is simply self-destructive. There was no way to merge all these economies together without debt consolidation from the outset. The euro will collapse and [...]

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The Lesson for the World Coming from Greece

PHOTO: Distraught 77-year-old Greek retiree, Giorgos Chatzifotiadis, falls to the ground outside of a bank in Thessaloniki, July 3, 2015. (AFP: Sakis Mitrolidis) [...]

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There is Only One Way Out For Greece

Brussels has been dead wrong. The stupid idea that the euro will bring stability and peace, as it was sold from the outset, has migrated to European domination as [...]

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The Greek Referendum

Voting today began at 7 AM local time in Greece and will continue until 9 PM. The polls show a virtually even split. We are likely going to see civil war unfold in [...]

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A Letter to the FT From a 21-Year-Old Greek

The cold-hearted bastards who want to rule the world should just for once realize it is not all about them. This is part of letter to the FT. We are plagued by [...]

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Cyprus – Greece – Whose Next?

The Sovereign Debt Crisis began with Greece asking for help from the IMF to the day of pi from the peak in the ECM 2007.15. The EU then crushed Cyprus to see how [...]

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Merkel’s Amnesia: What Goes Around Does Not Always Come Around

Merkel is obsessed with the German hyperinflation (which leads to demands for austerity) and assumes that her personal promise that Greece will be made to pay back [...]

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Troika Maneuvering to Rig Greek Referendum

In a TV interview, Mr. Varoufakis said very clearly, “This is a very dark moment for Europe. They have closed our banks for the sole purpose of blackmailing [...]

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