The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats. Greece’s creditors have finally brought the country to its knees, forcing President Alexis Tsipras to agree to austerity and privatization […]
There are many reasons to keep our focus on Greece — self-interest being one. Dr. Paul Craig Roberts returns to disclose the backstory of the political-bankster collaboration that has brought Greece to its knees and threatens economies the world over, including ours. Ellen suggests a solution for how the Greeks can proceed from here. Matt Stannard takes a historical look […]
Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a […]
There is essentially no chance the Troika (well, really, Germany) will give them acceptable terms on a writedown. Negotiations should be intended only to go on long enough to demonstrate that a good deal is not possible. While they are ongoing, the Greeks should be preparing for Grexit and repatriating all the resources they can.
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