Italy Bond Yields Continue to Rise, Berlusconi Resists Resignation

By: Tuesday November 8, 2011 7:37 am

While everyone’s moved on to Italy, and I’ll get there in a moment, let’s linger for a while over Greece, long enough to note that the country still doesn’t have a Prime Minister, as the hand-picked caretaker has annoyingly decided that he actually wants the power of the office rather than just sit in the [...]

Papandreou Will Step Down in Greece

By: Sunday November 6, 2011 1:04 pm

Let’s get up to speed on the latest out of Greece. When we last left things, Prime Minister George Papandreou’s tenure hung in the balance of a confidence vote on Friday. He survived the confidence vote, but only after agreeing to negotiations that will end his term as leader today. The negotiations have wrapped up, [...]

Greek Confidence Vote Scheduled Today; Democracy Put on Hold

By: Friday November 4, 2011 8:30 am

Greek Prime Minister George Papandreou faces a confidence vote today, and there’s a lot of confusion over the outcome and the aftermath. One set of reports says that he will lose the confidence vote, and that he’s being urged to resign prior to it. Another set says that there’s a deal in place for Papandreou [...]

Papandreou Picks Up Cabinet Support for Referendum on Debt Deal

By: Wednesday November 2, 2011 6:55 am

It’s still possible that Greek Prime Minister George Papandreou will lose a confidence vote on Friday and get booted out of office, leading to snap elections, because of his decision to put the debt deal offered by the troika (the IMF, ECB and EU) to a referendum. If the government dissolves, the referendum would be [...]

Notion of Greek Democracy Deeply Shocking to Elite Failures

By: Tuesday November 1, 2011 10:55 am

Greek Prime Minister George Papandreou’s call for a referendum may be a tactical move to offload responsibility, I’m not entirely sure. But there’s no question that the ultimate result, that the people will get to decide on a monumental issue affecting the future of Greece, is the right thing to do. This part from the [...]

Greek PM Papandreou Calls Referendum on Greek Debt Deal

By: Tuesday November 1, 2011 6:18 am

Suddenly realizing that he represents the people of Greece and not the IMF, Greek Prime Minister George Papandreou announced that he would take the unusual step of giving the public a say in the working of their government. Papandreou announced that Greece would hold a referendum on the latest austerity terms – and possibly even [...]

Greek Bailout Halted in a Shock-Doctrine Play for Privatization

By: Monday June 20, 2011 9:30 am

For weeks, the European Union and Greece have discussed a debt deal that would allow Greece to restructure its debt in exchange for multiple interventions in its political structure. But with resistance on all sides, these plans have been shelved for the time being. This is a deliberate dare to the Greek government to meet [...]

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