6 Comments

  • «But Yanis Varoufakis, Professor of Economics at the University of Athens says any deal will be “unsustainable” and “forgotten in the annals of history”.»

    It seems that it’s not only in the annals of history that the PSI deal will be shoved… 🙂

  • “It seems that it’s not only in the annals of history that the PSI deal will be shoved”

    And hopefully the Euro and the EU (the part that is more than a trade union) with it!

  • The gold medal goes to:

    GreyLock Asset Management, Marathon Asset Management, Och Ziff, Saba Capital, York Capital and Vega Asset Management,

    They will screw the Eurocrats

  • Πάμε καλά;

    From today’s F.T.

    “The German government wants Greece to cede sovereignty over tax and spending decisions to a eurozone “budget commissioner”

    “Athens would also be forced to adopt a law permanently committing state revenues to debt service “first and foremost”.

    “Under the new German plan, Athens would only be allowed to spend on the normal functioning of its government after servicing its debt.”

    “If a future [bail-out] tranche is not disbursed, Greece cannot threaten its lenders with a default, but will instead have to accept further cuts in primary expenditures as the only possible consequence of any non-disbursement,”