Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
By heeding their government’s advice and voting “No” in the referendum on Sunday, Greek citizens sent an unambiguous message. Much like the fictional Americans portrayed in the movie “Network” who threw open their windows and shouted out, “I’m as mad as hell and I’m not going to take this anymore,” the Greeks are demanding that…
On Sunday, Greek PM Alexis Tsipras put his political future and, more importantly, the future of the common currency in the hands of Greek voters. It was the political equivalent of pushing one’s chips all in at the poker table and after Sunday’s referendum, Tsipras appears to have been holding a better hand than Junker,…
Earlier today, as has become a symbolic custom, Tsipras spoke to Russia’s Putin by phone. Aside for the referendum, the topic of their conversation was unknown, but both sides rushed to note that financial aid was not among the topics of discussion, which assures it was. However, with the Greek negotiations still ongoing even if,…
With the only thing that matters in the hours ahead, at least until China reopens and the Pandamonium repeats, is the sheer chaos out of Greece which now literally changes the narrative by the minute, here is a convenient timeline of everything that has happened so far this morning starting with Varoufakis’ unexpected resignation and…
LONDON Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply. The result of Greece’s referendum put in doubt its membership in the euro, pulling down the single…
TOKYO The Bank of Japan on Monday maintained its upbeat assessment on regional sectors of the economy, saying they are recovering thanks to a pick-up in output and tightening job markets.In a quarterly review of regional economies, the BOJ raised its assessment for the Hokkaido northernmost region and left intact the views for the remaining…
(Recasts with new quotes, background) * German government says up to Greece to act to stay in euro * Says conditions for talks on new bailout plan not yet met * Finance ministry says Greek debt cut not on the agenda By Paul Carrel BERLIN, July 6 (Reuters) – The German government signalled a tough…
German Chancellor Angela Merkel will travel to Paris on Monday for talks with French President Francois Hollande to map out the way forward for Greece after voters upended more than five years of crisis-fighting by rejecting creditors’ terms for rescue aid. The trip, announced Sunday shortly after polls closed in Greece, is “to jointly assess…
French economist Thomas Piketty found unexpected fame with his book on wealth inequality, Capital in the 21st Century, and has now turned his attentions to the situation in Greece. The country is struggling under a mountain of debt and is resisting German-led demands for more austerity in exchange for aid, culminating in a landmark referendum…
Yanis Varoufakis abruptly quit his role as Greek finance minister this morning. The announcement came within hours of a referendum in which Greeks roundly backed the position of his Syriza party. Just over 61% of voters rejected a bailout proposal from Greece’s creditors, which the outspoken Varoufakis said amounted to “terrorism” on the eve of…