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Politics, Page 3

Why Varoufakis’ “Democracy In Europe Movement” (Diem 25) Matters

Earlier today, former Greek finance minister, economics professor and self-described "erratic Marxist" Yanis Varoufakis launched his long-awaited new political movement in Berlin, Germany. It calls itself "Democracy in Europe Movement", aka Diem 25. This is rather significant, and I get to why in a second. But first I want to talk about why it looks…

And just like that, the first big thing broke (Europe)

61% No in Greece. That wasn't supposed to happen. But it has, and now we are in uncharted territory. Some random observations: Syriza has just effectively won an election with 60%+ of the vote. The strategy of waiting for a different government going back to business as usual, as some in Europe have done, has…

(Greek) CFO vs (European) Accountants

Ever wondered what the difference was between a Chief Financial Officer, and an accountant? The Greek tragedy (farce?) playing out in the 9th act has it on display, every day. The Europeans, and the IMF, by and large are saying: "Look, Greece, here is what you owe, so you can't spend on this, that and…

The two Greece problems and the impossible way forward

Following the news about Greece and its European "partners" is better than any reality show. I'd have a great time if it weren't so serious. As I see it, two problems need to be solved: The amount of money that Greece owes cannot possibly ever be repaid. It's far too much relative to the size…