This must be the day when everything gets sewn up into neat little packages. The Greek government has announced a deal has been reached to secure their second bailout, though one junior partner has not confirmed agreement. The head of the European Central Bank is saying a deal has been done as well.

Greek bailout talks have deadlocked again, but at the moment the culprit is not the hedge funds seeking a higher payout on the distressed debt they bought, but the “troika” of the EU, ECB and the IMF. They gave Greece a Monday deadline to accept bailout terms. And those terms, frankly, are totally insane.

A variety of links to articles/interviews on curret topics that may be of interest.

A variety of links to articles/interviews on current topics that may be of interest.

A variety of links to articles/interviews on current topics that may be of interest.

A variety of links to articles/interviews on current topics that may be of interest.

When Standard and Poor’s downgraded nine European countries last Friday, they said plainly that European leaders were blinding themselves to the full crisis, ignoring the trade imbalances between core and peripheral Euro nations. But Germany’s Merkel doubled down on austerity, which has created a depression in Greece, with huge risks of default.

A variety of links to articles/interviews on current topics that may, or may not, be of interest.

A variety of links to articles/interviews on current topics that may, or may not, be of interest.

A variety of links to articles/interviews on current topics that may, or may not, be of interest.