- *Greece has signaled its willingness to default on its upcoming IMF payment
- *Sets in place a plan to shift from Euros to a new issue of Greek controlled Drachmas
- *Tspiras boards a plane for Moscow
- *Seeks alternative creditors in Russia and China
- *A “Grexit” would be the de facto end of NATO and shift alliances in the Aegean from Europe to Russia
- *IMF formally withdraws staff from Athens….
Greece arrives at an existential fork in the road: which way to turn? Continue to go West or strike out for an unknown path heading East ——————————————————————————————————————————–
The far-Left Syriza party of Greece, contrary to assertions of the European Monetary Union (EMU) has not agreed to further “austerity” measures, but has decided to double down on its threats to default on its IMF payments and align itself with Russia.
The Telegraph explains some of the backstory for Syriza’s popularity and rejection of “austerity” measures that don’t include significant debt write-offs (forgiveness).
“…One might righteously protest at what amounts to open blackmail by Mr Tsipras, deeming such conduct to be a primary violation of EU club rules. Yet this is to ignore what has been done to Greece over the past four years, and why the Greek people are so angry…
An apartment building for “middle class” Athens residents, in a “decent” part of Athens, 1 block from our 4 star hotel (Jan 2015). According to local social workers, 50% of the population of Greece has migrated from the countryside to Athens in an effort to find work and pool resources with other like-impoverished family members. (Click to embiggen detail)
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