Metaneos

The Sorcerer's Apprentice A collection of pictures of the aftermath of an anti-austerity protest. Well, I dunno if it's the aftermath, or if it's still ongoing.

johnpilger.com An historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored last week's landslide "No" vote and secretly agreed a raft of repressive, impoverishing measures in return for a "bailout" that means sinister foreign control and a warning to the world. Greece. Either its people do what needs doing, or they suffer longer than they need to. They can exit the EU, suffer for a few years, and rebuild their economy through currency controls. Or they can stay in the EU, and suffer, indefinitely. It should be a stark, simple choice, but human nature, eh?

naked capitalism Germany has folded Greece up like a lawn chair, and is now ready to shunt it aside, preferably under some stairway, far out of sight, where it won't have to take it out until the weather's clear, again. Greece's exit from the EU seems to be inching closer, inevitably. And Greece has not prepared. There were no contingency plans for this (more than likely) possibility, which almost seems criminally negligent . What will happen in Greece in the coming days?

Cyprus Mail I'm not sure what the demands were, but I think some of the EU demands might've included the rights to works of Homer, the title of the birthplace of democracy, and all profits from the value of π. Syriza is considering it, I believe. But seriously, Greek has absolutely no money, right now. This is simply the EU twisting a knife in Syriza's gut, and telling Syriza to straighten out their body so it's not so uncomfortable for the EU to continue holding the knife. Can Syriza continue like this? There's gotta be a whole lot of anger in the Greek nation. Can they hold out?

CBC News Oh, wow. Complete capitulation by Syriza to German demands. I can't say this wasn't unforeseen, however. This might spell the end of Syriza in governance, though. Who knows if they keep their tenuous hold on power, after this: "The choices we have are tough ... but the worst, the most humiliating and unbearable choice is an agreement that will surrender, loot and subjugate our people and this country," he (Panagiotis Lafazanis) told a business conference.

CTV News Er, no. I fail to see what worms have to do with economics, myself. I suppose it has to do with this line of thought: Ceding too much ground to Athens could ignite a broader political crisis by infuriating people in other bailed-out countries in the currency bloc which, unlike Greece, have obediently complied with the demands of creditors and largely restored their financial health through painful -- and politically costly -- austerity measures. Although I'm gonna have to take issue with the claim 'largely restored their financial health' in 'Spain, Portugal, and Ireland'. All the EU did for these countries was kick this solvency crisis further down the road for those three countries. Greece's solvency crisis is right before us, however. It's staring us all right in the face. Honestly, Greece defaulting probably won't affect us Canadians too much, as we're not too exposed to the EU, but what with globalization all the rage nowa...