As Fox News reported: ATHENS, Greece – Greek lawmakers approved their country’s draft third bailout on Friday after a nearly 24-hour marathon parliamentary procedure culminated in a vote that saw the government coalition suffer significant dissent. The government needed the bill to pass in time for Finance Minister Euclid Tsakalotos to head to Brussels to […]
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Think the U.S. debt is bad? Take a look at Greece’s situation:
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Oh, a political leader is facing turmoil within his own party and country because he could not live up to his election campaign promises of anti-austerity? Not surprised.
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However, it needs to be approved by the Greek parliament on Wednesday, so it’s not all etched in stone just yet.
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Milton Friedman > European Union. Friedman is a genius and wrote about the problems surrounding the adoption of the euro.
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So rejecting a bailout by the European Union without a plan to fund the country is a “brave choice”?
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The anti-austerity party in Greece named Syriza won the election and now puts the entire European Union (E.U.) currency zone, the eurozone, at risk. The left-wing party may be joined by a right-wing party to form a coalition government and oppose the E.U. bailouts.
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The entire eurozone system could be thrown into chaos, some say, if the left-wing political party wins the upcoming election.
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After the terrorist attacks in France, and a police raid to dismantle an Islamist/jihadist sleeper cell in Belgium, Greece arrested four suspects this weekend.
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Looks like the Greeks will be pushed out sooner rather than later, if the euro zone economy does not get any better, says Reuters.
Continue Reading8/14/2015 - 3rd Bailout Deal Approved by Greek Lawmakers
7/18/2015 - INFOGRAPHIC: Big Fat Greek Debt
7/14/2015 - Greek Prime Minister faces Criticism over E.U. Bailout Deal from his Own Party
7/13/2015 - It’s All Greek to Me: Greece gets New Bailout Package from E.U.
7/7/2015 - Flashback Milton Friedman: He Warned about the Euro
7/6/2015 - Greece Rejects E.U. Bailout in a Vote, Premier says it was Brave
1/26/2015 - Anti-Budget Cuts Greek Party wins Election, puts Eurozone at Risk
1/24/2015 - Greek Left-Wing Party could Stop Eurozone Bailouts
1/18/2015 - Greek Police detain 4 Terror Suspects as Europe is On Alert
1/4/2015 - Germany would help Euro Zone if Greece exits the Economy
11/8/2013 - Europe breathes Sigh of Relief as Portugal Unemployment Rate falls
10/18/2013 - Reuters: Not Many Leftists, Socialists Left in Europe
9/27/2013 - Greece doesn’t need Another Bailout, or So They Say
9/1/2013 - Uh Oh: Slovenia Recession eases, but More Pain Ahead
8/18/2013 - European End Game? Banks closing across Europe
8/17/2013 - EU pulling out of a Recession? Not so Fast
8/16/2013 - Greece Barely Makes Deficit Targets with EU Help!
8/9/2013 - Czech Mate? Looks like Czech Gov’t set to Collapse
7/11/2013 - Greece needs another Lifeline!
7/6/2013 - Germany’s Merkel tries to lower Youth Unemployment
7/2/2013 - Spanish Ex-Treasurer imprisoned for corruption
6/24/2013 - Greece says it’ll meet Bailout Goals
6/19/2013 - Spain’s Recession leads to widespread Crime
6/19/2013 - Insult to Injury: Greek TV suffers temporary shutdown
6/13/2013 - Greek economy rebounding at an anemic rate
5/31/2013 - Amazon’s German workers go on strike…for 1 day
5/24/2013 - British PM to rule coalition until 2015, reports say
5/24/2013 - Ex-PM says Bulgarian Gov’t should be able to form Coalition
5/18/2013 - Germany can’t stop Eurozone from another recession
5/16/2013 - Economics 101: France allows private sector layoffs
5/21/2012 - Circling the Drain