Saturday, June 2, 2012

Greeks' trigger finger gets even itchier; odds rise again that Mexican standoff will end in blood bath for Euro.


In Greece the lefties are ahead in the polls, and Socialist leader Alexis Tsipras has now announced his first move if elected will be to annul the terms of the financial bailout.  As austerity has ceased to be the media and political darling it was a year ago--even just six months ago--many of Tsipras' ideas about wages and taxation are now mainstream.  But he also claims he will impose a moratorium on debt and interest repayment until "growth is restored," according to the NYTimes.  Not thinking the suits at the IMF, European Commission or European Central Bank, the troika as they are known in Greece, are going to go for that.  Here's the link:  http://www.nytimes.com/2012/06/02/world/europe/greek-leftist-challenge-to-europe-on-austerity.html?hp

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