Greece will pay a big price, it has costed them a lot already and there is more pain to come. Tsipras made a mistake when he didn't prepare for a parallel currency and a legal battle. IMO he shouldn't have closed the banks.

Schauble Proposes "5 Year Grexit With Humanitarian Support"; What The Other Eurozone FinMins...

I agree, Tsipras's approach was a failure, the only thing he achieved is to stay in power but he destroyed the economy doing it.

Is Alexis Tsipras Brilliant or Just Lucky?

Its about making the numbers work. Now they have an even worse economy and they don't have the luxury of time. They'll have to get this deal agreed or it's over.

Greece bends to creditors' austerity demands

Cliff, ok it's your opinion. IMO you either supervise or you don't supervise. It's this simple.

ECB Weidmann: Freeze on Emergency Loans to Greece Should Continue Until Deal Reached

They would not be blamed if they did their job properly and protected the banks they were meant to supervise. There would not be a bank run if they Reassured the public and asked them not to take out money unnecessarily. They didn't do this, their ...

ECB Weidmann: Freeze on Emergency Loans to Greece Should Continue Until Deal Reached

What a mess. They have allowed people to use their homes as security for buying shares. As share prices are falling, margin calls are triggered and if the crash continues, people will lose their homes and the property bubble will crash.

Who Blew Up China’s Stock Bubble?

What do the arrears of the Greek government to the IMF have to do with public money held in commercial banks? If the ECB wanted higher security or recapitalization they could have arranged it. The banks are independent, and the ECB has the ...

ECB Weidmann: Freeze on Emergency Loans to Greece Should Continue Until Deal Reached

I think you are falling victim of the EU propaganda. How many proposals have the Greeks sent through and they were all rejected? How can you expect the Greek side to make new proposals on short notice without a preparatory meeting with the Eurogroup ...

ECB Weidmann: Freeze on Emergency Loans to Greece Should Continue Until Deal Reached

Sure but in the case of the Greeks banks, its people withdrawing their money from the ATM's and not the Greek government. We should not forget that the EZ officials started the fear with threats and caused the bank run and the ECB didn't do its job ...

ECB Weidmann: Freeze on Emergency Loans to Greece Should Continue Until Deal Reached

An FT article says that when the ECB thinks like a private bank, it falls short of its public mission which I also agree. What is the point in having a central bank when its not there to protect the banking system across the Eurozone? Who's Central ...

ECB Weidmann: Freeze on Emergency Loans to Greece Should Continue Until Deal Reached

Does it matter? All wars are devastating.

EU Tells Tsipras the Party’s Over as Euro Exit Door Swings Open

Donald Tusk said: "All of us are responsible for the crisis and all of us have a responsibility to resolve it" url

ECB's Noyer says Greece is on the edge of catastrophe

Read up on your history. Greece is not the biggest defaulter in Europe and their bankruptcies were always due to war url

EU Tells Tsipras the Party’s Over as Euro Exit Door Swings Open

Yes sign here, we'll save you....

Greece Referendum: What Happens If They Vote “No”

Here are the lyrics if anyone is interested video

Greece Referendum: What Happens If They Vote “No”

Possibly, but the problem with this idea is that the new Euro will be too strong so the people of the periphery will be unable to buy the expensive German products. Germany is a net exporting country, it needs to retain it's customers and China ...

Greeks Should Vote Yes

They do have banks but the ECB has stopped sending them bank notes. Therefore, the bank run + the banking exposure to the Greek government + the outcome of the referendum, could in theory tip the balance of ECB votes so the ECB board could in theory ...

Greeks Should Vote Yes

I think they could be forced to exit themselves because without banks it would be Impossible to function as a country. Tsipras will say, we didn't want to leave but they forced us to do it.

Greeks Should Vote Yes

They should know the result before the markets open

Greece’s Tsipras Calls July 5 Referendum on Bailout Demands

How can it stay without banks? Perhaps with a parallel currency?

Schaeuble said to see greece staying in euro even if 'no' vote