The parliamentary elections were the first time Greece’s foreign loan agreement had been put to a democratic test, and the outcome was clear: a rejection of the terms of the bailout and a fragmentation of the vote so severe that the two more established parties were scrambling to form alliances in a hung Parliament. ...
Category Archives: Economy
Fighting continues between Sudan and South Sudan, as economies collapse
If everything had gone according to plan, South Sudanese bureaucrats would have been scurrying around to make preparations for the country’s first annual independence day celebrations in July. Skip to next paragraph Recent posts ...
Germany’s Roadmap For A Greek Return To The Drachma
There has been much speculation about how the Greek endgame will play out, but precious little from the perspective of Germany. Until today. Courtesy of a three part series from Handeslblatt (here, here and here) we now know precisely what the next steps are as visualized by Europe's piggybank, which now is telegraphing it is ...
The Vault: A Mountain of Granite and Gold
The Vault: A Mountain of Granite and Gold The Vault: A Mountain of Granite and Gold List Price: Price: 0.00
Economic Collapse Predictions
I get a lot of requests for economic collapse predictions. Of course, predicting what will happen to the economy can be challenging. But if you have a decent understanding of basic economics, especially from an Austrian school perspective, the reality of a total economic collapse becomes very clear. The following predictions are just a few ...
Greek Voters Punish 2 Main Parties for Economic Collapse
The parliamentary elections were the first time Greece’s foreign loan agreement had been put to a democratic test, and the outcome was clear: a rejection of the terms of the bailout and a fragmentation of the vote so severe that the two more established parties were scrambling to form alliances in a hung Parliament. ...