Tag Archives: European Central Bank

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 →

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 →