Some readers sent in comments that my use of the phrase “World War III by economic means using the pen” was harsh, so let me state this very clearly. Brussels and the Troika will NEVER back down. To them, the euro is irreversible and they refuse to see that their policies are dead wrong. Proof that this is the conquest of Europe with the pretense of good intentions to eliminate war: you cannot carry out such a noble goal by sheer force. Both Napoleon and Hitler could have said the same thing. Their conquest of Europe was to end war by creating once again the Roman Empire. As they say, the road to hell is paved with good intentions.
Athens’ finance minister, Yanis Varoufakis, says referendum or new election on fiscal policy is possible if deadlock remains
Racheting up the pressure ahead of a crucial meeting of his eurozone counterparts on Monday, the Greek finance minister, Yanis Varoufakis, said the leftist-led government would hold a plebiscite on fiscal policy if faced with deadlock.
“We are not attached to our posts. If needed, if we encounter implacability, we will resort to the Greek people either through elections or a referendum,” he told Italy’s Il Corriere della Sera in an interview on Sunday. Continue reading