Europe – Greece

Germany and France Kiss and Make up, But it’s hard

The Eurozone debt crisis gets worse. Bankers interfere. And the truth comes out:

“The dreams to see the crisis ended by Monday couldn’t be realized,” says the German government. Easy solutions have evaporated.

Greece’s Extortion Game

“Tax fraud is a national plague,” said Greece’s finance minister after he found that Greeks owed $50 billion in back taxes. But it’s complicated. And not much will happen to collect them though Greece might go bankrupt in weeks. Meanwhile, civil servants paralyze the country with strikes because salaries and bonuses are on the chopping block—the most curious bonuses….

Greece ‘Finds’ Treasure, Stays Solvent For Another Month

None of the financial shenanigans that the Greek government engages in on a routine basis, as shocking as they used to be, surprise anyone anymore … until there’s something that surprises everyone.

Reform Rebellion In Greece

Another avalanche of demands and plans to bail out Greece rolls over the Eurozone, but Greek society is digging in its heels. The prime minister talks a good game with foreign leaders when he promises reforms, but his own ministries just pulled the rug out from under him.