Europe’s Political Great Rift Valley

[Raúl Ilargi Meijer]

NPC Storm of July 30, 1913, Washington DC 1913 Europe’s Own Great Rift Valley So what happened there yesterday? What we know is that European Economic
[See the full post at: Europe’s Political Great Rift Valley]

[John Day]

This could also have been a gambit.
It is now known that Greece will accept whatever that draft was.
It will now form an outer boundary of further negotiation.

[John Day]

Here is a link to those drafts and analysis:
https://www.zerohedge.com/news/2015-02-16/redlined-comparison-eurogroup-draft-varoufakis-was-willing-sign-and-draft-he-rejecte

Here is Yves Smith’s take:
https://www.nakedcapitalism.com/2015/02/negotiation-breakdown-exposes-widening-rift-germany-greece.html

Ambrose has his look, opening with the hard jerk on Greece’s choke-chain.
https://www.telegraph.co.uk/finance/economics/11416800/Greek-crisis-talks-collapse-in-acrimony-as-Syrza-defies-EMU.html

[rapier]

Nary a word on what steps Greece has taken on the road to issuing a new currency if it is needed. I would be appalled if they have not started to put in place the physical requirements, the notes themselves, their distribution, and establishing some base valuation of the new money, and am disappointed they have not announced same.

The lack of a plan B,if there is not one no matter how rickety that plan may be, suggests to me total failure of a deal or no agreed to extension would mean cohos in Greece. Which I think the powers that be half wish for. Thinking Greece deserves it but not wanting to risk contagion.

[John Day]

The country best prepared to exit the EU is bound to be Germany.
Remember how they printed up all those Deutsche Marks a few years ago?

[Author]

Posts