Posts Tagged ‘Syriza’
Friday, July 12th, 2019
The Jeffrey Epstein child sex trafficking scandal dominates today’s LinkSwarm, as does other people getting arrested for the same offense. Some kind of crackdown going on? We can only hope so.
Also, if you live in Austin, traffic on I-35 is going to be screwed up again this weekend.
The Jeffery Epstein scandal may be even worse than we thought:
Even by the standards of stomach-turning celebrity criminal scandals, the bits of information about multi-millionare Jeffrey Epstein and allegations of an underage sex-trafficking ring are utterly bizarre, pointing to something perhaps even bigger and worse going on. Just the reports out this morning prompt at least ten big questions.
One: How did Jeffrey Epstein make his fortune in the first place? One claim is a massive Ponzi scheme.
Two: Could Epstein really have been connected to some sort of intelligence service? In yesterday’s press conference, labor secretary Alex Acosta offered a weird, vague, contradictory, meandering answer when asked about this. If Epstein was working for some sort of spy agency, which one? What was the aim, to collect blackmail on prominent figures? Who was being blackmailed, and what did they do?
Three: Why did the office Manhattan district attorney Cyrus Vance try to keep Epstein from being registered as a top-level sex offender? “A seasoned sex-crimes prosecutor from Mr. Vance’s office argued forcefully in court that Mr. Epstein, who had been convicted in Florida of soliciting an underage prostitute, should not be registered as a top-level sex offender in New York.” The judge denied the request and declared, “I have to tell you, I’m a little overwhelmed because I have never seen a prosecutor’s office do anything like this.”
Four: After Epstein was labeled a “Level 3 sex offender” — meaning the worst — Epstein was required by law to check in with the NYPD every 90 days. He never checked in at all over an eight-year span. How did that not generate any consequences?
And speaking of Epstein, why is nobody talking about former Palm Beach County State Attorney Barry Krischer.
The former Palm Beach County State Attorney had made national news three times during his career. Once when he went after Rush Limbaugh, then after Ann Coulter, two Republicans, and when, after being handed the case of Epstein, a co-founder of the Clinton Global Initiative, he gave him a pass.
Barry Krischer is a Democrat. Jeffrey Epstein is a billionaire donor to Democrats.
As Chief Prosecutor, Krischer had made his reputation with a zero-tolerance policy of prosecuting juveniles as adults. But after Epstein had abused underage girls, Krischer, according to the detective on the case, ignored police efforts to charge him with four counts of unlawful sexual activity with a minor and instead the billionaire abuser was indicted only on a minor charge of solicitation of prostitution.
Interviews with over a dozen girls and witnesses were ignored.
The victims were not notified of when they needed to appear before Krischer’s Grand Jury. Calls by the police to issue warrants for the arrest of Epstein and his associates were ignored by Kirscher’s subordinates. Eventually, Kirscher’s people stopped taking phone calls from the police.
The Palm Beach police chief claimed that information was being leaked to Epstein’s lawyers and wrote a public letter attacking Krischer and urging him to disqualify himself from the case. Instead the travesty went on. State prosecutors allowed Epstein to skip sex offender counselling, and hire a private shrink.
When the judge asked assistant state prosecutor Lanna Belohlavek if all the victims had signed off on the deal, she claimed that they had. The lawyer for the victims has said that was not the truth.
“Secretary of Labor Alexander Acosta on Friday resigned from his post amid scrutiny over a plea agreement he cut with wealthy investor Jeffrey Epstein for sex abuse charges over a decade ago.”
Over on Althouse’s blog, many commenters are suggesting that Scott Walker replace him. To which I say: Bring it!
Even after pleading guilty and registering as a Level 3 sex-offender, Jeffrey Epstein is still mingled with the Hollywood elite.
Speaking of child sex offenders, singer R. Kelly has been arrested on 13 federal sex trafficking charges, including “child pornography, enticement of a minor to engage to engage in criminal sexual activity and obstruction of justice.” The only question is, after all the similar crap Kelly has pulled over the years, how is he not already in jail for the rest of his life?
“Epstein, Bean & Buck: The Democratic Donors’ Sex-Creep Club.”
While serving as the highest-ranking elected woman in America for decades, San Fran Nan has chronically downplayed, whitewashed or excused the sleazy habits and alleged sexual improprieties of a long parade of Dem pervs — from former San Diego Mayor Bob Filner to former New York Reps. Eric Massa and Anthony Wiener to former Oregon Rep. David Wu to former Michigan Rep. John Conyers and current presidential candidate Joe Biden.
Since the woke-ty woke Democrats are now gung-ho on undoing special treatment of wealthy liberal sex creeps, perhaps they will soon be revisiting the matter of two of their other “faves,” Oregon real estate mogul and deep-pocketed left-wing White House donor Terry Bean and West Hollywood Clinton pal Ed Buck.
Here, let me help.
Terry Bean is the prominent gay rights activist who co-founded the influential Human Rights Campaign organization. He is also a veteran member of the board of the HRC Foundation, which disseminates Common Core-aligned “anti-bullying” material to children’s schools nationwide.
Like Epstein, Bean had a penchant for rubbing elbows and riding on planes with the powerful. Upon doling out more than $500,000 for President Barack Obama and the Democrats in 2012, he was rewarded with a much-publicized exclusive Air Force One ride with Obama. His Flickr account boasted glitzy pics with Michelle Obama and Bill Clinton.
Buck, of course, is the Democratic donor who had two dead overdosed black men in his apartment on different occasions. (Hat tip: Director Blue.)
Speaking of our supposed betters raping children, “Ex-U.N. Worker Jailed for 9 Years in Nepal for Raping Two Boys in ‘Alarm Bell for the Humanitarian Community.'” Oh, now there are alarm bells over Canadian Peter John Dalglish raping children? But not so much when various UN peacekeepers did the same thing in Africa in past decades.
Dow-Jones Industrial Average hits record high of 27,000.
Meet the anti-woke left. The usual quotient of socialist claptrap, but also a fierce critique of victimhood identity politics and the dysfunction of the Democratic Party.
Just as significant as Trump’s victory was Hillary Clinton’s loss, they tell me, in that it represented a rejection of an era of neoliberalism. ‘I’m from Indiana’, Frost tells me. ‘Bill signs NAFTA. That obliterated the towns where I’m from. People are extremely bitter about Bill Clinton for very good reasons. And she is married to that, literally and figuratively – she defends that legacy. How did we not see Trump coming?’
What’s more, Trump represented a repudiation of the entire establishment – Democrats and Republicans. ‘There is a severe crisis of legitimacy in our institutions’, says Frost: ‘The Republicans did not want Trump to win either… He was nobody’s first choice, except the American people’s, apparently.’
Snip.
Three years on from the 2016 presidential election, Democrats are still largely in denial or in despair about Trump’s victory. The now-discredited Russia-collusion narrative provided an excuse to avoid any soul-searching. ‘The whole Rachel Maddow and the NBC crowd have infected the minds of boomers with this dystopian narrative’, Khachiyan tells me. ‘Even my mom, who’s from Russia, buys the collusion narrative.’
‘The narrative isn’t itself so interesting’, she argues, but it shows ‘the willful failure of the Democratic Party. Again and again, they fall on their face. There’s some kind of Freudian, masochistic thing they have where they get off on publicly humiliating themselves.’
E-Verify will do more to deter illegal aliens than the wall.
“Democratic lawmaker unloads on Ocasio-Cortez, chief of staff for ‘using the race card.'” The AOC-Pelosi tiff reminds us, yet again, that the primary purpose of “social justice” is to force in-group ideological conformity on the left. But when it comes to actually threatening a politician’s ability to get their beak into the trough, Rep. Clay and others still know which side their bread is buttered on. (Hat tip: Stephen Green at Instapundit.)
Democrats have tapped former fighter pilot Amy McGrath to lose to Mitch McConnell in the Kentucky senate race. In one day, she raised $2.5 million…and flip-flopped on whether she would have confirmed Brett Kavanaugh to the Supreme Court. She lost her last race by 10,000 votes, and expect her to do much, much worse against Cocaine Mitch.
“The Data Shows Socialists — Not Sanctions — Destroyed Venezuela’s Economy.”
John O’Sullivan wonders if anyone can beat Boris Johnson for Tory leadership and the PM spot. Probably not, but it provides a light romp through Borismania…
David Scheller of Ammo To Go wrote to point out his deep, detailed look at suppressors. I was happy to see that Texas has more silencers owned than the next three states combined.
How bad is the cartel violence in Mexico? Would you believe a 30 minute shootout at Kindergarten graduation?
Greek conservatives win in a landslide over leftist Prime Minister Alexis Tsipras’ Syriza’s party. Kyriakos Mitsotakis took over as Prime Minister on July 8.
Did the Russians who died aboard the A-12 Losharik submarine prevent a “planetary catastrophe?” Color me skeptical. Short of a Red Tide nuke launch scenario, it’s hard to conceive of any sort of accident, up to complete meltdown or even nuclear warhead detonation, that would result in “planetary catastrophe” on the Russian arctic seafloor. Assuming they were actually in the Barents Sea when the fire broke out, I don’t see how they’d be tapping undersea cables (as widely speculated), as the only one there is the Norway-to-Svarbald cable, which is hardly of crushing information importance. But the Russians have been known to lie before, and the fact that no less than seven first rank captains died aboard the ship (all but unheard of on a submarine) only fuels the speculation. And the arctic is way too far north for discovering either Cthulhu or Godzilla…
Seattle City Council candidate Brendan Kolding wants to clean up the homeless drug user problem.
“It’s gotten worse under this entire current council,” he said. “Because we’ve practiced the policy — and I give Chris Rufo credit for this — the policy of false compassion where we’re not holding people accountable, where we’re not investing in adequate services, where we’re not allowing our law enforcement professionals to do their job.”
“We just need a sea change at City Hall. We need to reverse the culture because it’s only getting worse … We can offer them treatment and shelter and then insist that if they don’t accept services, we will enforce the law unless they choose to move along. We need both carrot and stick.”
“I-95 proves that the government cannot provide services that don’t suck.”
For those readers who blessedly have not had to drive I-95, it is a national disgrace. It has been congested for as long as I can recall (over 30 years of personal experience with the stretch shown, and what we drove yesterday). It has been congested in exactly the same locations for those 30 years.
The same exact locations. 30 years. Offered for your consideration, the 20 miles on each side of Fredericksburg, VA. It was a parking lot in the 1980s; it was a parking lot yesterday. The reason then was that the highway lost a lane (more lanes in Richmond to the south and Washington to the north). The reason now is the same.
So riddle me this, Big Government Man: how in 30 years is it not possible to widen 40 miles of Interstate to remove what everybody in the Northeast Corridor knows is a notorious choke point? And please don’t be so dim and predictable as to say “there isn’t enough funding” – we spent a cool trillion dollars on a “stimulus” that the President swore would be “shovel ready” projects. You don’t get more shovel-ready than widening I-95.
So we see that it’s not possible for the government to provide services that don’t suck.
Prenda Law copyright troll John Steele sentenced to five years in prison.
“A traffic stop turns up whiskey, a gun and a rattlesnake, police say — and that was before they found the uranium.” The big surprise here is that it’s from Oklahoma rather than Florida… (Hat tip: Ace of Spades HQ.)
Tankfest 2019. I visited the Bovington Tank Museum in 2014, and if you’re interested in tanks and in the UK for an extended period of time, I highly recommend it.
Tales from the Lunar Module Simulator.
Aviation Week and Space technology profile of the SR-71 from 1981.
Dwight celebrates the fortieth anniversary of Disco Demolition Night.
And speaking of unlikely events of mass hysteria: 300,000 people on Facebook swear to storm Area 51. Great, they’re going to kill off Alex Jones’ entire audience…
“Fun New Teen Vogue Quiz Helps Girls Find Out What Kind Of Hooker They Should Be.”
Tags:2020 Election, A-12 Losharik, Alexandria Ocasio Cortez, Amy McGrath, Apollo, Area 51, Austin, Barry Krischer, Border Controls, Boris Johnson, Brendan Kolding, Brexit, Communism, Crime, Democrats, E-Verify, Economics, Ed Buck, Facebook, Greece, Guns, I-35, I-95, Jeffrey Epstein, Jim Geraghty, Kentucky, Kyriakos Mitsotakis, Mitch McConnell, Nancy Pelosi, Oklahoma, pedophilia, Prenda Law, R. Kelly, Russia, Scott Walker, Seattle, silencers, Social Justice Warriors, SR-71, submarine, Syriza, tanks, Terry Bean, Texas, Welfare State, William Lacy Clay
Posted in Austin, Border Control, Communism, Crime, Democrats, Economics, Elections, Guns, Military, Social Justice Warriors, Texas, Welfare State | 2 Comments »
Thursday, August 13th, 2015
So I haven’t done a Greek update in a while, since after Greece caved into the inevitable (Newsflash: broke people generally do not have leverage over those lending them money), it was all over but the shouting. Now that Greece and its creditors supposedly have a third bailout deal inked, and Greece settles into its clearly defined misery, let’s take a look at exceptionally bankrupt Greece these days, shall we?
Via Zero Hedge comes former Greek finance minister Yanis Varoufakis’ detailed review of the bailout agreement. It’s a mixture of self-serving lies (trying to distance his own Syriza party from the horrific economic mess they made acutely worse) and brutal truths (about just how screwed Greece is by the agreement).
Speaking of Varoufakis, it looks like he’s going to be up on hacking charges…for preparing emergency plans to float the drachma.
Oh: He also says the latest bailout deal won’t work. He’s not wrong…
Greece’s economy miraculously grew in the second quarter. But that was before the full effects of the crisis were reflected…
Greece’s tax revenues have collapsed.
Greece’s manufacturing sector fell off a cliff in July. Funny how that happens when your banks are closed and you can’t pay for goods.
Greece faces two years of recession. That part’s probably true. But that primary budget surplus? Yeah, not so much.
“Greece’s banks just made the mistake of being banks in Greece.”
After all that? Greece still isn’t fixed.
To add a cherry on top, Greece’s refugee crisis continues to grow. Because it’s still safer to live in bankrupt Greece than the Middle East…
Tags:Budget, Euro, European Debt Crisis, Foreign Policy, Greece, PIIGS, Syriza, Welfare State, Yanis Varoufakis, Zero Hedge
Posted in Budget, Economics, Foreign Policy, Welfare State | No Comments »
Tuesday, July 14th, 2015
The self-inflicted destruction of Greece has been accomplished, but they’re still going to be picking up the pieces for years, if not decades. And there’s no guarantee the heavy manners Germany and the troika are imposing will actually be enough to rescue it.
So, enjoy a random collection of Greek headlines, since I don’t quite have time to pen a piece on The Greater Meaning Of It All:
So Greece is going to get bailed out (again), but the actual mechanisms, and who will do the bailing, are far from clear.
And Greece needs $25 billion just to get through August.
“In the End, Greece’s War on Debt Is A Morality Problem. A majority of Greeks simply do not believe debt must always be repaid.” And how did that idea work out for them? (Hat tip: Ed Driscoll at Instapundit.)
Stratfor says that the Greek referendum backed Germany into a corner, and forced them to come down twice as hard. “The leading power of Europe will not underwrite defaulting debtors. It will demand political submission for what help is given. This is not a message that will be lost in Europe, whatever the anti-Greek feeling is now.”
Former Greek finance minister Yanis Varoufakis is not at all happy, saying the agreement makes Greece a “vassal of the Eurogroup.” Hey Yanis: You and the rest of the Greek ruling class are the one who baked the gypsy pie with your reckless spending to prop up your bloated welfare state. You’re just upset that Greeks, not Germans, are the ones having to eat it…
Greece may even have to sell some islands and ruins.
“How Germany Beat Greece In Liar’s Poker.” By having all the cards and not being hopelessly in debt, perhaps? More:
Many observers are wondering how the left-populist renegades of Greece’s Syriza party, which rose to power in January on the promise of delivering relief from austerity and renewed its mandate with a massive victory in the July 5 referendum, managed to negotiate a bailout deal on Monday that is substantially worse than what was available to Greece before Syriza took office.
That would be because they were idiots who lied to voters about what they could accomplish.
Actual Time headline: “Why European Leaders Don’t Believe Greece’s Promises to Change.” Uh, because they’re not morons?
Tags:European Debt Crisis, Eurozone, Foreign Policy, Germany, Greece, Media Watch, Syriza, Yanis Varoufakis
Posted in Budget, Foreign Policy, Welfare State | No Comments »
Monday, June 22nd, 2015
The economic collapse of Greece is unfolding pretty much exactly as observers predicted it would: “Greek banks have imposed an unofficial ceiling of €3,000 on walk-in withdrawals, the commercial banker added.”
More capital controls are most likely coming, especially since bank runs have meant that Greek banks “will soon exhaust eligible assets they can pledge to the Bank of Greece for cash under the Emergency Liquidity Assistance (ELA) scheme.” The ECB backstopping of Greeek banks has been extended for today only. And today’s Eurozone talks have already broken off.
Despite that, Greece’s feckless ruling Syriza Party is still insisting on ignoring reality: “I repeat: The deal will either be compatible with the basic lines of Syriza’s election manifesto, or there will be no deal.”
Translation: “Europe must continue to throw money down the rat-hole of our bankrupt welfare state, or else!” What the “or else” might be when the country is already too bankrupt to pay pensions and keeps the lights on remains a mystery. The problem with holding a gun to your own head is that eventually someone will call your bluff.
Greece is finally finished with the “gradually” phase of their bankruptcy and is now in the “suddenly” phase…
Tags:bank run, Budget, capital controls, European Central Bank, European Debt Crisis, Eurozone, Greece, grexit, Syriza, Welfare State
Posted in Budget, Welfare State | No Comments »
Saturday, June 20th, 2015
The bank runs have started in Greece. Why the Greek peeople would even keep their money in banks, having the example of Cyprus’s bank “bail-ins” before them, would keep any but the most minimal amout of cash in a Greek bank is a mystery.
Given that Greek banks are insolvent without the European Central Bank’s backstop, one wonders why Greek PM Alexis Tsipras thinks he can continue to bluff the EU caving on reform demands. It’s tough to bluff when you have no hole cards…
There’s talk of a “new” Greek proposal, which could mean Tsipras and Syriza are finally coming to their senses and giving in to EU demands, or it could be just another smokescreen. I mean, we’ve only seen about a dozen “new” Greek proposals this year that didn’t offer meaningful reform. What’s one more?
Stay tuned…
Tags:Alexis Tsipras, bank run, Budget, Economics, European Central Bank, European Debt Crisis, Foreign Policy, Greece, Syriza, Welfare State
Posted in Budget, Economics, Foreign Policy, Welfare State | No Comments »
Monday, June 15th, 2015
It looks like the rest of Europe has finally wised up to the fact that Alexis Tsipras has been playing them for chumps. It should be obvious to everyone now that Tsipras and his far-left Syriza party have no intention of reforming Greece’s bloated welfare state, they just wanted to pretend to as long as the rest of Europe was willing to underwrite it in exchange for pretending to reform. But lately even the pretense of reform has become intolerable. They want debt forgiveness and Europe to continue paying their bills, and they’re not going to budge until they get it, or until they totally destroy the Greek economy. You know, whichever.
Europe seems to finally have said “Enough!”
Other Greek links:
Might the European Central Bank impose capital controls on Greece (ala Cyprus) to force a change in the Greek government? Since the Greek banking system only exists at the mercy of ECB-backstopping, this could very well be the easiest way out of the crisis for everyone (even, weirdly, Tsipras and Syriza, who will still be able to claim they never gave in to Troika demands…)
“The latest Greek negotiating strategy is to demand a ransom to desist threatening suicide. Such blackmail might work for a suicide bomber. But Greece is just holding a gun to its own head — and Europe does not need to care very much if it pulls the trigger.”
“For the creditors, the test of whether Mr. Tsipras really wants Greece to remain in the eurozone comes down to a simple question: Is Syriza willing or able to reform Greece’s public sector?” Syriza wants to reform Greece’s public sector the way O. J. Simpson wants to find the real killers.
Gameplanning Greek outcomes. (Warning: Autoplaying video. Up yours, Bloomberg.)
Tags:Alexis Tsipras, Budget, Cyprus, European Central Bank, European Debt Crisis, Eurozone, Foreign Policy, Greece, Syriza, Welfare State
Posted in Budget, Foreign Policy, Waste and Fraud, Welfare State | No Comments »
Thursday, June 11th, 2015
The IMF just said to Greece “Screw you guys, I’m going home.” (Note: For the full effect, you have to say the preceding in the voice of Eric Cartman.)
The International Monetary Fund said it was halting bailout talks with Greece in a stark signal of its exasperation about a lack of progress toward a deal needed to avert a Greek default, as European leaders suggested the negotiations were nearing their endgame without an agreement in sight.
And keep in mind that these are transnational bureaucrats whose entire job description is long, drawn-out economic negotiations. And they’ve finally had enough of talking to Greece.
That’s not the fat lady warming up, that’s the fat lady striding boldly on stage and waiting for the cue to open her mouth.
The Greek debt crisis was always going to come to a bad end. The least bad alternative was introducing real austerity when the crisis hit, paring back their welfare state, reforming their economy, and living within their means for several years until their economy started growing again.
But by electing the far-left Syriza party, Greece has ended up opting for a far worse fate: They’re going to end up absolutely broke, absolutely in debt, and they won’t even be able to fund the day-to-day operations of their bloated welfare state. Unless the Greek parliament can somehow force a snap election and replace Alexis Tsipras’s lying, farcical government with one actually capable of recognizing reality, Greece is in for a level of economic pain that’s going to make the Great Depression look like a picnic…
(Hat tip: Zero Hedge.)
Tags:Budget, European Debt Crisis, Greece, IMF, Syriza, Welfare State
Posted in Budget, Welfare State | No Comments »
Thursday, May 14th, 2015
Greece managed to make its scheduled IMF loan repayment of around €750 million ($837 million) which “buys the country a few more weeks to reach a deal with creditors on fresh financing.”
Greek finance minister Yanis Varoufakis said “Greece must escape the ‘strictness trap’ of budget measures that might hurt the economy and so prevent the country from reducing its debt mountain to manageable levels.” In other words: “We absolutely refuse to stop spending other people’s money to prop up our welfare state.”
So the farce will continue on a little longer, at least.
In other Greek debt news:
Greece is “back” in recession. Assuming you believe it ever actually left it.
Europe wants €3 billion in budget cuts from Greece.
“The German Finance Ministry is supporting the idea of a vote by Greek citizens to either accept the economic reforms being sought by creditors to receive a payout from the country’s bailout program or ultimately opt to leave the euro.” Hmm, recognize economic reality or exit the Euro. Decisions…
And if you thought Greece had abandoned their stupid “German war reparations” idea, think again: “Archival video footage highlighting Nazi atrocities in Greece is being shown to commuters on the Athens subway as part of a campaign demanding war reparations from Germany.” I’m sure that will get them on Angela Merkel’s good side.
The Two Greeces: “Official Greece is dysfunctional; unofficial Greece works quite well. The official, theoretical Greece has checks and balances. The unofficial, reality-based Greece turns a blind eye when people break rules and dodge taxes.” I’m not nearly as positive as the author that the corrupt one can be swept away, or that Syriza wants to.
The Ghost Factories of Greece.
Tags:Angela Merkel, Budget, European Debt Crisis, fraud, Greece, IMF, Syriza, Welfare State, Yanis Varoufakis
Posted in Budget, Foreign Policy, Waste and Fraud, Welfare State | No Comments »
Friday, May 8th, 2015
And the Greece shell game over implementing reform (or, since it’s Greece, “reform”) continues.
Greece’s finance minister Yanis Varoufakis (who’s evidently still doing the negotiating, reports to the contrary notwithstanding) has handed the Eurocrats a proposal that doesn’t match what was discussed in negotiations. It’s like a cheap farce, or a con game to see how long they can keep string Europe along without actually agreeing to anything.
Greece Syriza government has said to their creditors: Economic reality? We don’t need your stinking economic reality! “Greece defied its international creditors on Thursday, refusing to cut pensions or ease layoffs to meet their demands, dimming prospects of progress next week towards securing desperately needed financial aid.”
Greece’s government also rehired public sector employees they previously laid off. What’s giving the engine a little more gas when you’re headed for the wall at full speed?
Other Greek debt crisis tidbits:
Greece introduces mandatory surcharges on tax withdrawals above €1,000 Euros.
Plus an 18% hotel and restaurant tax. Extra bonus: It will hit some tourists who have already prepaid for vacations. “It’s catastrophic.”
Living life under the threat of default. “I’ve got a bad feeling we’re not going to get a good ending.”
European “Commission President Jean Claude Juncker said that if Greece left the single currency area, the ‘Anglo-Saxon world’ would try everything to break it up.” Hey Jean Claude: Reality is doing a great job breaking up the Eurozone all by itself, between its unsustainable welfare state, its aging population, and the insistence of Euroelites on cutting those filthy commoners from having any say in the matter. And as for the “Anglo-Saxon world” trying to break up the Eurozone, have you seen whose in charge of things these days?
Greece’s Blazing Saddles act is wearing thin. (I seem to remember having made this exact comparison before…)
Tags:Budget, European Central Bank, European Debt Crisis, Eurozone, Foreign Policy, Greece, Jean Claude Juncker, Syriza, Welfare State, Yanis Varoufakis
Posted in Budget, Economics, Foreign Policy, Welfare State | No Comments »
Tuesday, April 28th, 2015
Greek Finance Minister Yanis Varoufakis has been demoted, evidently because the EuroCrats he was negotiating with hated his guts (a significant drawback when you’re trying to convince creditors to pour more money down the rathole that is the Greek economy).
Will it make any difference to debt negotiations? Maybe, maybe not. It depends on which of two reasons he was fired for:
Option 1.) Varoufakis was the designated Bad Cop in negotiations, and now he’s the symbolic sacrifice. “Golly, that Varoufakis guy was sure a jerk when he asked you to give us more loans without getting any reform in return! Now that I’m here as Mr. Good Cop instead, I’m sure you’ll give us give us more loans without getting any reform in return because we’re asking really, really nicely.”
Option 2.) A lightbulb (or at least a dim, flickering candle) has finally gone off above the heads of the ruling far-left Syrizia Party that they will, in fact, actually have to implement real reforms if they want to shake more dough out of Mean Aunt Angela, and that implementing reform will only mean they’re really boned, while defaulting and leaving the Euro would mean they would be completely and utterly boned.
Arguing for Option 2 is Reality and Logic, which have had very little to do with Syriza policy heretofore. Arguing against it is every single action of the Greek ruling class over the last five years. Best case, probably-too-optimistic scenario is that they’re going to try the God Cop Con first, then, when it fails (and it will), they may actually be dragged kicking and screaming to Option 2. Or at least appear to do so as part of the extend and pretend strategy that has characterized the entire Greek debt crisis since the beginning.
None of it changes the underlying problem: The Greek welfare state is unsustainable, they’ve run out of other people’s money to pay for it, and they refuse to reform it, even at the point of impending national bankruptcy.
Tags:Euro, European Debt Crisis, Foreign Policy, Greece, Syriza, Welfare State, Yanis Varoufakis
Posted in Foreign Policy, Welfare State | No Comments »