Alexis Tsipras and Greece’s Miserable Foreign Policy – Carnegie Europe – Carnegie Endowment for International Peace

Europe

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This is an important & insightful article from think tank Carnegie Europe. It’s a must-read. Check it out!

via Alexis Tsipras and Greece’s Miserable Foreign Policy – Carnegie Europe – Carnegie Endowment for International Peace.

Apart from the Eurozone crisis, there may be a geopolitical crisis emerging, with Russia turning up the heat.

Thoughts?

Greece will no longer deal with ‘troika’, Yanis Varoufakis says – FT.com

This is a must-read article from the FT as Greece‘s new Finance Minister goes nuclear. Check it out!

via Greece will no longer deal with ‘troika’, Yanis Varoufakis says – FT.com.

The Finance Minister, Yanis Varoufakis is a career economist, without any previous political experience.

Apart from rejecting the ‘troika’ and Greece’s legal obligations, the new government has announced that they have abandoned proposals for reform.

I expect financial markets and the Euro to be under pressure from this enormous escalation. I fear that all sides have not done appropriate risk analysis and matched it to effective mitigation. The people of Greece have voted for a new government and to challenge the ‘troika’ but I hope they do not live to regret it.

Let’s hope that some cool, wise heads can facilitate proper dialogue between the various parties. Europe is already in depression and this new escalation will have widespread implications for all Eurozone countries and the World economy beyond.

Thoughts?