Harris&Ewing Woodward & Lothrop dept. store trucks, Washington DC 1912 While many voices will be seeking to define the precise terms of the referendum announced last night by Alexis Tsipras for July 5, I think perhaps the general gist is more important. It’ll be a vote between being governed by Tsipras, and Greeks in general, on the one hand, and being governed by Germany, the ECB and IMF on the other. “Who do you want to decide your future?” And
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NPC Dr. H.W. Evans, Imperial Wizard 1925 • Yield-Starved Investors Drive Asset Prices To Dangerous Levels: OECD (Reuters) • What’s Gone Wrong For Germany Inc.? (Bloomberg) • Europe: Writing Off Democracy As Merely Decorative (Habermas) • The Beatings Will Continue Until Morale Improves (Irish Independent) • Bureaucrazies Versus Democracy (Steve Keen) • The Courage Of Achilles, The Cunning Of Odysseus (Jacques Sapir) • Cash-Starved Greek State Posts Surplus (Kathimerini) • IMF Would Be Other Casualty of Greek Default (El-Erian) •
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NPC O Street Market, Washington DC 1925 Perhaps I should apologize for writing about Greece all the time. Thing is, not only have I just arrived in Athens last night (and been duly showered in ouzo), but Greece is the proverbial early harbinger of everything that’s wrong with the world (not to worry, I know that’s a hyperbole), and of everything that could be done about it. That places a responsibility on the shoulders of Syriza leader Alexis Tsipras and
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Lewis Wickes Hine ‘Hot dogs’ for fans waiting for gates to open at Ebbets Field 1920 • Americans Throw Out $165 Billion Worth Of Food Every Year (MarketWatch) • Europe, A Big Phony (Costas Iordanidis) • Greek Problems Mask The Rising Risks In Italy And France (Satyajit Das) • Britain Would Not Survive A Vote For Brexit (FT) • Greece: A Deal Nobody Believes In (Paul Mason) • Troika’s Red Ink Tells Its Own Story (Guardian) • Greek Syriza Official
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NPC KKK parade on Pennsylvania Avenue, Washington DC 1925 Today I fly to Athens, and boy, does time seem to fly along with me. I’ll be arriving in Athens apparently just in time for a big demo in Syntagma square (got a mail minutes ago saying people are on their way there as early as 9 AM local time). Something tells me there’ll be quite a few more of those during my stay. And I don’t think there’s any guarantee
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NPC KKK services, Capital Horse Show grounds, Arlington 1938 • 70 Million Americans Are Teetering On The Edge Of Financial Ruin (MarketWatch) • Marine Le Pen: Just Call Me Madame Frexit (Bloomberg) • The Delphi Declaration On Greece And Europe (Paul Craig Roberts) • Berlin Insists Greek Parliament Approves All Reforms By Monday (FT) • Europe Is Destroying Greece’s Economy For No Reason At All (WaPo) • Greek Public Stops Paying Off Personal Debts As Uncertainty Grows (FT) • A
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Ben Shahn Sideshow, county fair, central Ohio 1938 The only thing that would really go towards beginning to solve the problems with Greece is for Athens to NOT sign a deal. The short version of why that is so: it would leave the EU intact for longer. And the ECB. Neither have any viable future, but as they go down, they can cause a lot of damage and pain. It’s mitigating that pain which should now be our priority no.
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Wyland Stanley Marmon touring car at Yosemite 1919 • Greece: “It’s Like We Bought A Bad Franchise” (SMH) • Greece Is A Sideshow. The Eurozone Has Failed (Aditya Chakrabortty) • Crisis Is The New Normal For Weary Greeks (Guardian) • Greece’s Red Lines Start To Blur And Bend (Guardian) • Greek Offer To Creditors Runs Into Angry Backlash At Home (Reuters) • Syriza Members Warn Tsipras Against Betrayal With Bailout Compromise (Dow Jones) • On Those Creditor ‘Red Lines’ For
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Unknown Dutch Gap, Virginia. Picket station of Colored troops 1864 • Five Horsemen Of The Euro’s Future (Politico) • The Three Victories Of The Greek Government (Jacques Sapir) • Greece and Germany Agree the Euro Can’t Work (Crook) • The Euro Was Doomed From The Start (Norman Lamont) • If Greece Defaults, Europe’s Taxpayers Lose (Bloomberg) • Why On Earth Is Greece In The EU? (Angelos) • EU Welcomes 11th-Hour Greek Proposals In ‘Forceps Delivery’ (Reuters) • EU Commission Gives
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Unknown Army of the James at completed Dutch Gap canal, James River, Virginia 1864 • Hollande Is Implored to End ‘Financial Blackmail’ of Greece (Bloomberg) • The Fight To End Greece’s Great Euro Depression (Telegraph) • Greek Episodes Of Despair And Drama As Moment Of Truth Nears (Helena Smith) • Greece, The Euro and Gunboat Diplomacy (Karl Whelan) • As Greece Stares Into The Abyss, Has Spain Escaped From Crisis? (Observer) • Greek PM Prepares Last-Ditch Offer To Avoid Default
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