July 2015

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News July 13, 2015

Greek Crisis Translated

2001 Greece:  Hey can we join the Eurozone? Europe:  How is your economy? Greece:  I’d say strong to um… quite strong? Europe:  Welcome aboard! 2010 Greece:  Hey Europe!  We’re having a tough time with the financial crisis.  Could you lend us some money? Pundits:  CONTAGION!!!  PIIGS!!!  RINGWALL!!! Europe:  Sure, this should cover you for the next three years or so.  Try to cut back on expenses since times are tough, ok? 2012 Greece:  Ok, this is kind of embarrassing, but do you think you could spot us some more cash?  We’ll use that to make payments on the money you loaned us three years ago and we’ll definitely pay you back this time. Pundits:  GREXIT!!! Europe:  Ok, but you’ve really got to cut back on expenses this time. 2014-2015 Greece:  I was going to pay you back, but ummm Europe:  Hey I did some digging and your economy wasn’t ‘quite strong’ in…

News July 13, 2015

Selling Greece

Photo by Eastlaketimes As has been the case for every Monday over the last X weeks, Greece is the financial headliner.  It was dragged kicking and screaming back to the negotiating table this weekend.  Little negotiation was had.  A deal was made… but not really.  Basically, Europe scolded Greece and everyone decided to give Greece a little more time (72 hours) to get their act together before negotiations begin in earnest.  This sounds like another silly kick of the can down the road, but this time Europe might really take action beyond a strongly worded letter.  They have attained concessions from Greek Prime Minister Alexis Tsipras (dubbed the ‘AGreekment’ *groan*) that go beyond the previous negotiating round’s demands.  This sounds odd since Tsipras fought these demand tooth and nail just a couple of weeks ago, the Greek people voted against these demands last week, and it seems like part of the demands…