Debt Rattle August 18 2015
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G. G. Bain 100-mile Harkness Handicap, Sheepshead Bay Motor Speedway, Brooklyn 1918 • China Shanghai Stocks Lose 6.15% Overnight On Yuan Fears (CNBC)
[See the full post at: Debt Rattle August 18 2015]“Since the start of the crisis in 2009, the Greek government has reduced defense expenditures by 54 percent, to €4 billion last year. Greek officials offered €200 million more in defense cuts in talks with creditors, who responded with a demand for a €400 million cut. But Prime Minister Alexis Tsipras’ €200 million proposal caused a rift with his nationalist coalition partner, the Independent Greeks party. Defense Minister Panos Kammenos threatened to leave the coalition over it. ”
Looks like pure opportunity to me. Mr. Tsipras – just call the generals all in; tell them “We’re going to clean out the oligarchs – and you get to keep half.” Time tested, and as honorable as it gets. (not very, but no one ever looks.)
(I foolishly first wrote “generals”; but that’s idiotic. It’s Lt. Colonels and and Majors. The Generals are almost always part of the oligarchy. Duh.)
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