Tag Archives: Euro-zone

Greece, Goldman and the Ethics of Capitalism

Posted on July 15, 2015 by toritto

Goldman Headquarters Well the Greek deal with the European troika isn’t quite yet done but appears to be on the road to getting done leaving Greece with additional  years of depression level austerity and crushing debt.  A decade ago Greek … Continue reading →

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The Fourth Reich

Posted on July 7, 2015 by toritto

Well is it coming again? Angela Merkel’s Germany has begun to polarize Europe. “Under the glass Reichstag dome in Germany’s parliament last week, left-wing opposition leader Gregor Gysi lit into Chancellor Angela Merkel for saddling Greece with a staggering unemployment … Continue reading →

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Greece Has Spoken

Posted on July 6, 2015 by toritto

Well the Greeks have spoken. After years of “austerity,” a gross national product contraction of some 25% and an unemployment rate of over 25% (probably much higher) the Greeks rejected more decades of austerity.  The vote wasn’t even close, contrary … Continue reading →

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Greece Speaks

Posted on July 4, 2015 by toritto

Tomorrow the Greeks vote; capitalist financial markets will be listening. The referendum was called because Greece failed to get concessions on debt relief after four months of negotiations with it’s creditors, represented by the International Monetary Fund, the European Central … Continue reading →

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