He has not got a big brother left to drive away the bad boys

Yanis Varoufakis urges Obama to squeeze Europe over debt stalemate

Schaeuble does not give anyone false hopes. He knows his rhethorics and thinks before he speaks. He says it is up to the Greek people/government which it is. I would think the Germans do not expect Greece not to default.

Greece Enters Twilight Zone as Visions of Euro Exit Take Shape

Those people who let them join the EUR currency union are either retired or dead. The people(voters) have not been asked in the majority of member states. German people ( they were not asked )were as reluctant as British people to hand over control ...

Greek defiance mounts as Alexis Tsipras turns to Russia and China

dancingphil: how much infrastructure spending can you justify without a Land registry and reasonably well working legal and administrative system? From what I read and hear Greece has not made much headway there since the bailout started. When they ...

Greek defiance mounts as Alexis Tsipras turns to Russia and China

Northern European Governments will have little room to move even if they wanted to throw more money into this abyss because their electorate is turning against that move. I hope this drama ends soon.

Greek defiance mounts as Alexis Tsipras turns to Russia and China

Providing more funds before the laws and administration have improved makes no sense. And it will not change anything as the funds will disappear to where the money has gone before. Successive Greek governments have failed, they have betrayed the ...

Greek PM warns Merkel of "impossible" debt obligation

If the GDP is low and taxes inconsiderate high you get a high percentage of tax paid. But it could also be that the figures of tax collected have been faked to make the statistics look good earn an extra bonus for one of the 'special advisors' or ...

Greek PM warns Merkel of "impossible" debt obligation

That is what I mean. But not only corrupt money or do you imply that all deposits in Greek banks have been ill gotten gains ? Surely not. Where does the money come from which was withdrawn in the last few months ? Emergency liquidity = euphemism for ...

Greek PM warns Merkel of "impossible" debt obligation

If you compare the situation with Cyprus one could argue that a big chunk of the money ended up in the pockets of the depositors in Greek banks who have chosen to withdraw now most of it. It may be under their matresses or in foreign banks deemed to ...

Greek PM warns Merkel of "impossible" debt obligation

Wasn't the writing on the wall?

Greek PM warns Merkel of "impossible" debt obligation

I just can't see how the UK could become No1 in the medium term

Be like the French? No way, says U.K. Treasury chief George Osborne

I am Bavarian and King Ludwig helped you with a loan to fight for your independence. We gave you our national colours and Ludwig put the 'y' into 'Bayern' . The loan was never repaid and only in the most recent past this was dug out. I grew up in an ...

Greece's Euro Exit Seems Inevitable

P.I.P , the example you give of corrupt business behaviours by Siemens et al. for many years now has been a crime in Germany, barring companies from Public contracts , fines and legal sanctions as well against the individuals committing these crimes.

Greece's Euro Exit Seems Inevitable

I am no Eurocrat nor a civil servant. I look at things as they are and try to see the intrinsic logic of the phenomena . Disputes are necessary for constructive interaction but they should be without emotion let alone insult: criticism through pure ...

Greece's Euro Exit Seems Inevitable

Change the law.

Greece's Euro Exit Seems Inevitable

I am simply in favour of arch conservative money management: debt only if unavoidable and only for investment in infrastructure or business, not for consumer spending. I love my freedom . I thought you people were all traders and valued money ...

Greece's Euro Exit Seems Inevitable

If you had had your housekeeping in order instead of spending left, right and centre money that had to be borrowed with the help of cooked books and the good will of EU leaders ( or ignorance?) to let Greece get on as they thought it would not make ...

Greece's Euro Exit Seems Inevitable

The reforms suggested were and are to get a working tax collection system, fair taxes and increase competitiveness . Also a Land Registry was needed as I heard. How much of that has been done or even attempted? Austerity reduces government spending ...

Greece's Euro Exit Seems Inevitable

sorry, until the Curtain drops..

Greece angers euro creditors with lack of info, wants talks at EU summit

A currency is strong if the markets think the country which is using this currency will be able to honour its obligations because it has a sound economy and reliable political framework.

Greece's Euro Exit Seems Inevitable