Last week was a momentous one for the European project. On Monday, the Greek Parliament passed an austerity package that other Eurozone members, especially Germany, had demanded as a condition for considering Greece’s request for an €86 bailout. Negotiations will now begin. How they will end is . . . . Continue Reading »
Since the beginning of the fiscal crisis in 2009, Greek politics has alternated periods of collapse with periods of decay. We are in one of the latter periods now. The bad news comes so often that it gets boring. Here is the latest batch: 1. Greece wants to renegotiate its . . . . Continue Reading »
If you want another reason to be pessimistic about Greece, take a look at the shameful wrangling over cabinet post during an emergency. Do you think these petty, disgusting people will be able to stick to reforms in the face of resistance from entrenched interests and the loathing of a . . . . Continue Reading »
Yesterday’s election result in Greece was about the best that could have been realistically hoped for. And that might be the most depressing thing. Let’s recap: Greece is broke. Greece’s government needs loans to pay salaries and pensions, but only a lunatic . . . . Continue Reading »
Quick summary of Andreas Papandreou. He was the son of Greek Prime Minster George Papandreou. He was the founder of Greece’s socialist PASOK party that dominated Greek politics from 1981 until last year. He was Prime Minister of Greece from 1981-1989 and 1990-1993. The . . . . Continue Reading »
I agree with Peter Lawler that the election is shaping up to be very close if one projects from present circumstances (with only modest changes up or down to unemployment and job creation numbers.) The most likely event that could crack open the election would be a crisis in . . . . Continue Reading »
Just a few more observations on Greek politics so please bear with me, 1. France’s Socialist Finance Minister has warned Greece that if Greece’s government goes back on its agreements to its European lenders, then Greece is looking at expulsion from the Eurozone. This is a . . . . Continue Reading »
Obama’s June got off to a bad start with the low job creation numbers and the increase in the unemployment rate. It could get even worse if the Supreme Court strikes down Obamacare (either in part or in whole) and turns his unpopular signature achievement into an unpopular and . . . . Continue Reading »
Ampontan has some nice juxtapositions, jumping off Victor Davis Hanson among others, highlighting the culture-and-mores-rooted FACT that Greece, Southern Italy, Detroit, and urban Britain are simply more difficult and troublesome places to live than Germany, Northern Italy, Switzerland, and of . . . . Continue Reading »
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