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 […]
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.
However, it needs to be approved by the Greek parliament on Wednesday, so it’s not all etched in stone just yet.
Milton Friedman > European Union. Friedman is a genius and wrote about the problems surrounding the adoption of the euro.
So rejecting a bailout by the European Union without a plan to fund the country is a “brave choice”?
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.
The entire eurozone system could be thrown into chaos, some say, if the left-wing political party wins the upcoming election.
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.
Looks like the Greeks will be pushed out sooner rather than later, if the euro zone economy does not get any better, says Reuters.
8/14/2015 - 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