Skip to main content

Greece

What is happening in Greece? For now, it's the centre of the world, with all attention on every move it makes. It is volatile, there.
Will Greece exit the EU? Probably not on its own. But the hardliners in the EU will probably force Greece out if its demands are not met. And every hour since the No vote has passed has illustrated how unlikely it is Greece has any intention of meeting those demands.
A Greek exit would be disastrous, although not for Greece, itself. It's already waded through the aftermath of a disaster forced upon it by the EU. Things can't much worse for Greece, at all. All that would happen to it would be prolonged suffering.
The disaster will happen to the EU, and the USA. Neither of those two powers seem to be aligned, here. The USA does not want a Greek exit. The EU seems willing to force Greece out if Greece doesn't comply.
Greece doesn't seem to want to exit the EU, but its only sane options now to save itself would enrage the EU if  Greece chose them.
Waiting in the wings for Greece to exit the EU is Russia. The USA seems panicked by this, sending in Victoria Nuland to do what, exactly? The USA seems flatfooted, here, and out of options. Will they make a desperate move to keep Greece away from Russia? Probably not. Hopefully not.

Comments

Popular posts from this blog

Private Equity is a TERRIBLE Investment... Who Keeps Giving Them Money? — How Money Works

Not too much to comment. Business in the USA and by extension Canada is bad right now. Probably for a generation. We really do need a generational plan to get us out of this mess. A ten to twenty year program, unfortunately. Placing pieces onto the board and moving them where they need to be to make things work again. By pieces, I mean people. We need good strong policies to implement as well. There's a lot to think about.

BC Election Preliminary Results Thoughts and Feelings and Some Preliminary Analysis

The BC NDP will possibly hold onto power in the province of BC. With a Confidence and Supply Agreement with the Greens, they should aim for four years of stable government. However, they should also look inward. They should take good lessons from this near-loss of power. The BC NDP wanted to take a "centrist" position —that they were "safe for business"— but have no idea that the further right the party tacks, the more this plays into the right's strengths giving parties like the BC Conseratives headwinds to go even further right. Rather than safe, the BC NDP needed to announce policies that would've been like swinging haymakers at certain business interests especially for rentals; businesses taking advantage of low wages for international workers; and universities taking advantage of international students. For current rent prices, this plays twofold against the NDP. Rent prices as they are now depress voter turnout for the NDP. People see the NDP as ineffe...

Carney speaks after capitulating to Trump's demands

Dunno how else it can be explained other than capitulation. Carney, you weren't elected to kowtow to Trump. You were elected to stand up to him. Canadians may even start to get buyers remorse for ditching Trudeau for you when he showed far more backbone than this. At least he cared more about Canadian sovereignty than this act. What exactly have you extracted for this? What benefit did this provide for Canadians compared to the billions in revenue Canada stood to gain from the Digital Services Tax as well as protecting Canada's ability to create its own taxes?