Category Archives: Greek sovereign debt crisis

Supreme Court upholds Obama Care; Europe continues to debate how to rescue economy from bond market blackmail

The Supreme Court in a 5 to 4 decision with Chief Justice Roberts siding with the majority has upheld most of the Affordable Care Act by ruling its provisions constitutional under the federal powers of taxation. Four of the liberal … Continue reading

Posted in austerity, deficit hysteria, deficits and debt, European debt crisis, European financial stability fund, European unemployment, France politics+economy, Greek sovereign debt crisis, Italian debt crisis, monetary policy, quantitative easing, Uncategorized, unemployment | 1 Comment

New exit poll New Democracy 28-30 %slightly ahead of Syrizia 27-28.5 %:partial official results show similar trend

It looks increasingly like New Democracy will finish a narrow first over Syriza with 28-30 % of the vote ,Pasok far behind  at 13 % and the other small parties including the right wing extremist party, New Dawn at under … Continue reading

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Greek election a dead heat New Democracy and Syriza neck and neck in exit polls

Exit polls which sample 80 % of those who voted show New Democracy at 27-30.5 % and Syriza at 27-30 %. Pasok is at 10-12 %. The other parties including the extremist right wing party New Dawn, the communists, the … Continue reading

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The Greek election, the euro and the necessity to escape austerity

We are on the eve of the second election in Greece and many establishment voices in a co-ordinated campaign are raising the prospect of total disaster should the Greek electorate choose the left wing coalition Syriza which while committed to … Continue reading

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Greek talks appear to fail:New elections very likely;anti-austerity a growing movement

According to the latest reports from Greece the talks among the three leading party leaders and the Greek president have failed to reach an agreement essentially because Syriza is sticking to its position and refusing to agree to enforcing  extreme … Continue reading

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Mélenchon challenges Le Pen in her Pas de Calais assembly seat; Greece new election very likely

Jean Luc Mélenchon , the left wing anti-austerity candidate for the French presidency has announced that he will be a candidate against Marine Le Pen, the right wing National Front Presidential candidate who holds a national Assembly seat in the … Continue reading

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Coalition building in Greece:A coalition may require Pasok &New Democracy party factions to co-operate with the left.

The head of the the second most sucessful party , Syriza , the coalition of the Left , Alexis Tipras has now been given the task of trying to form a government around an anti austerity position, after New Democracy … Continue reading

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Triple witching hour for austerity:Hollande wins in France, Labour in Britain, anti-austerity in Greece.

A small but significant earthquake has occurred over the past few days in Europe. The victory of the Socialist party in the Presidential race combined with the election results in Greece along with the drubbing of the Conservative and Liberal … Continue reading

Posted in austerity, business cycles, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, France politics+economy, Greek sovereign debt crisis, Mr.Papandreou and democracy, progressives, treasury view, UK local elections, Uncategorized, unemployment | Leave a comment

François Hollande Wins:Exit Polls claim;Greece votes to repudiate austerity

François Hollande has won the French Presidential election with 51.9 % of the vote according to French exit polls. Nicholas Sarkozy has obtained 48.1 % of the vote according to these exit polls. It is an historic victory for the … Continue reading

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Greece votes on Sunday: anti austerity parties likely to capture more than 50 % of the vote.

Greek voters go to the polls in a few hours and it appears from the polls and expert analysis that the two major parties New Democracy and the Greek socialist party Pasok may together not get more than 40 or … Continue reading

Posted in austerity, Greek sovereign debt crisis, Mr.Papandreou and democracy, Uncategorized, unemployment | 1 Comment