by Isaiah J. Poole | Jul 13, 2015 | Conservatism, Education, Greek Crisis
There is a real sense that the deal that Greek Prime Minister Alexis Tsipras has reached with European Union leaders is less a bailout of Greece's economy and more of a prelude to an overthrow of the leftist Syriza majority running the country – hence the popularity...
by Robert Borosage | Jul 7, 2015 | Blog, Economy, Greek Crisis
Prime Minister Alexis Tsipras will present a new Greek proposal to the Europeans today, but there are few reasons for hope. The European Central Bank announced yesterday that it would not provide increased liquidity to Greek banks, insuring that they will remain...
by Isaiah J. Poole | Jul 6, 2015 | Economy, Financial Reform, Greek Crisis
Now that the Greek populace has spoken with a firm voice against the austerity policies being imposed on the country by Europe's financial leaders, it's time for President Obama and Congress to stand firm with the Greek people. A petition calling on our political...
by Robert Borosage | Jul 6, 2015 | Blog, Economy, Greek Crisis, Progressive Vision
The Greek people have stood up. By an overwhelming margin, they rejected the harsh, unending, austerity that the “Troika” – the International Monetary Fund, the European Union and the European Central Bank – dictated for them. They stood with the leaders they had...
by Robert Borosage | Jul 1, 2015 | Blog, Conservatism, Economy, Greek Crisis
Greece is now on the brink. It cannot pay its creditors, starting with the missed payment to the International Monetary Fund. Its banks are closed, unable to deal with a panicked dash for cash. The European Bank has refused to offer more cash to sustain their...
by Dave Johnson | Jul 1, 2015 | Blog, Financial Reform, Greek Crisis
The job of a lender is to evaluate risk and price a loan accordingly. If there is risk you charge a higher interest rate. That way you still make money on a broad portfolio of loans even when there are a few defaults. That's the job of a banker, supposedly. It's what...