Meet the Greek Leader Who Sent Global Markets Reeling

The man behind much of Tuesday’s market selloff is a 37-year-old Greek named Alexi Tsipras, the leader of the Coalition for the Radical Left.

Louisa Gouliamaki | AFP | Getty Images Left Coalition Party Leader, Alexis Tsipras

When handed the right to try and form a coalition government in Greece, he told the world that the Greek bailout agreement is “null and void” and should be abandoned.

This sent global markets reeling because he could potentially unleash a series of events that would force Greece to leave the euro zone.

Besides abandoning the bailout, Tsipras said he’d like to nationalize the banks permanently, restore all salaries and pensions to their previous higher levels and bring back collective bargaining rights.

Let Them Eat π

Yet another excellent article from Sturdyblog that steers away from the usual propagandist ranting of the media that is simply a tool in the hands of speculative bankers and other investor think tanks geared towards shaping public opinion to suit their needs.

The only regret I have when reading this gem is that punches were pulled. Papademos and Monti need to be seen as usurpers of democracy and their respective rise to power called coups d’état, plain and simple. Most important of all is the fact that people in Greece believe their country’s rising debt is not just 30-years’ worth of bad politics, corruption and inept members of Parliament — it’s been a methodical, calculated plan executed with preciseness, enabling the few to live off the many.

My firm belief is that this has been in the making for a long time. Greece practically hasn’t had a single patriot in office since WWII. Foreign interests influenced and still influence decisions to benefit everyone but us Greeks. Some saw the world as an orange, squeezing (half of it) as much as they could out of Third World countries — sorry, that would be developing countries to those who want politically correct euphemisms used to spice up slavery as an on-going evolutionary process towards development. Now that the orange is starting to shrivel, they’ve decided to pick up the other half by turning to Europe and as I foresee other developed countries and squeeze out the savings it managed to accumulate throughout the years.

Enjoy the read, and many thanks to the author for a very fine piece.

The Reaper

Let Them Eat π

Some months ago I tried to explain that the crisis in Greece concerned the entire globe directly and that what was happening to my country was nothing short of an economic coup d’état. Naturally, I was accused of doom-mongering and over-dramatising. It pains me to have been proven absolutely right on