• Europe’s Creditors Play With ‘Political Fire’ Pushing Greece To The Brink (AEP) • To Escape Economic Hell, Greece Needs Tsipras To Call Germany’s Bluff (Guardian) • As In 1942, Germany Must Show Restraint Over Greece (Cockburn) • The Country That Refuses to Bow Down to Western Bankers (AlterNet) • Greece Hires Lazard To Advise On Debt (FT) • Greece Will Repay ECB, IMF, Reach Deal With EU, Tsipras Says (Bloomberg) • Barricades Down, Ties Off: Welcome To Greece’s Style
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On the one hand, I’ve written so much about Greece lately I fear I’m reaching overkill. On the other hand, there’s so much going on with Greece, and so fast, that I wouldn’t know here to begin. Moreover, I’m thinking and trying to figure what is what and what is actually happening so much it’s hard to stay focused for more than a short while before something else happens again and it all starts all over. And I’m thinking it
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• Crude Settles Up 8% At $48.24, Best Day Since June 2012 (Reuters) • OPEC Oil Output Rises In January (Reuters) • The Oil Collapse Isn’t Stopping America’s Investment in Energy (Bloomberg) • BEA Estimates 4th Quarter 2014 US GDP Growth To Be 2.64% (CMI) • Fed’s Bullard Warns of Asset Bubble Risk If Rates Are Kept Too Low (Bloomberg) • Investors Wrong Not to Expect Mid-Year Rate Rise: Bullard (Bloomberg) • Varoufakis, Keynes and the ‘Global Surplus Recycling Mechanism’
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• Commodity Prices Collapse To Lowest In 12 Years (Telegraph) • Cheap Oil Burns $390 Billion Hole in Investors’ Pockets (Bloomberg) • China Shadow Banking Trusts Fuel Stocks With 28% Jump in Investment (Bloomberg) • Europe Stocks Head for Best January Since 1989 (Bloomberg) • Eurozone Slides Deeper Into Deflation (CNBC) • We Must Stop Angela Merkel’s Bullying Or Let Austerity Win (Guardian) • Lies, Damned Lies And Greece’s Debt Default (MarketWatch) • Greece Turns Left, Europe Goes Right (Bloomberg)
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First off, no, I don’t think Syriza is a problem, I just couldn’t resist the Sound of Music link once it popped into my head, as in ‘headlines you can sing’. I think Syriza may well be a solution, if it plays its cards right. But that still leaves politicians and investors denominating Tsipras et al as a problem, if not a menace. Now, investors may not need to possess any moral values – though things would probably have been
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• What The Oldest Stock Market Index Is Telling Us (MarketWatch) • I Am So Bearish, I Am Growing Fur! (MarketWatch) • The Euro Is Crashing Below Parity And Will Get Cheaper Still (MarketWatch) • Goldman Cuts Outlook For Whole Commodity Sector (CNBC) • Three Myths About Greece’s Enormous Debt Mountain (Telegraph) • Investors Have Woken Up To Greece’s Nuclear Risk (AEP) • Tsipras Aims to Avert Catastrophe But Greek Markets Sink Further (Bloomberg) • Greece Wants a Debt Break.
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• Why Europe Will Cave to Greece (Bloomberg) • Can Europe Resist Greek Demands For A Debt Haircut? (CNBC) • How Wall Street Squeezed Greece – And Germany (MarketWatch) • Five Things Syriza Wants To Change (BBC) • Greece’s Coming Clash in Europe Starts With Russia Sanctions (Bloomberg) • Greek Finance Minister Varoufakis: ‘End The Vicious Cycle’ (CNBC) • Greek PM Alexis Tsipras Unveils Cabinet Of Mavericks And Visionaries (Guardian) • Stiglitz: Germany’s The Problem, Not Greece (CNBC) • Germany’s
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• Greece Debt Repayment In Full Is ‘Unrealistic’, Says Syriza (BBC) • Greece’s Crazy Leftists Have a Good Idea (Bloomberg Ed.) • Dawn Of A New Politics In Europe? (Steve Keen) • Profile: Greece’s New Finance Minister Yanis Varoufakis (Guardian) • Yanis Varoufakis: Greece’s New Finance Minister Is No Extremist (Telegraph) • EU Hunts Formula to Keep Greece in Euro After Tsipras Win (Bloomberg) • Church And State In Greece: A Courteous Distance (Economist) • The Lemmings of QE (Stephen
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In what universe is it a good thing to have over half of the young people in entire countries without work, without prospects, without a future? And then when they stand up and complain, threaten them with worse? How can that possibly be the best we can do? And how much worse would you like to make it? If a flood of suicides and miscarriages, plummeting birth rates and doctors turning tricks is not bad enough yet, what would be?
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• Tsipras Forges Anti-Austerity Coalition Within Hours Of Victory (Bloomberg) • Greece Shows What Happens When The Young Revolt Against Corrupt Elites (Guardian) • Anti-Austerity Syriza Leader Tsipras Vows To End ‘Pain and Humiliation’ (BBC) • ‘For Five Years Greece Has Been Like A Patient Slowly Bleeding’ (Guardian) • Syriza Faces ‘Uphill Battle’ In Coming Hours (CNBC) • Syriza’s Historic Win Puts Greece On Collision Course With Europe (Guardian) • Prices in Europe Continue to Sink, Showing Why Draghi Had
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