The Greek mysticism - "no to bailout - yes to Euro"

An interesting model of political populism in developing in Greece. Greece will not leave the Euro zone, but will go out of the bailout package. The package is called "suicidal", "ruthless" and "unfair". But is this possible - to reject only the bailout plan and at the same time to stay in Euro zone?


Did G8 sow the new Deutsche Mark?

At the meeting of G8 Angela Merkel was scolded by other leaders and the concept of austerity has been criticized. There has to be "growth", said Barack Obama accompanied by other leaders. Well, in fact Germany has a good and stable growth... And it is because of the conservative fiscal policy, savings and diligence. These are the keys to growth. Germany has a real growth, unlike U.S., where FED and Obama created a fictitious growth, by printing dollars and accelerating the inflation. So in fact Merkel is the most active pro-growth politician - one that makes real results.


Facebook "Ponzi" has started

Facebook bubble reached a bigger size than expected as early as the first day of real market trading. First the IPO has outrun the expectations motivating additional shares to be placed on sale. Then the enthusiastic investors pumped the price additionally up. But at the end of the day the price was back at the IPO level.


How the mafiots will elect the madness in Greece

Alexis Tsipras is the new super-star in Greek politics and the most probable next prime-minister. He is a left utopist that plans to nationalize banks and to cancel all payments of old debts, but without going out of Euro-zone and without printing Drachmas. There is no explanation how it this possible in one and the same time. But populists rarely think about possibilities. They think only about emotions and how to use them in their interest. So Tsipras is to become the European Hugo Chavez - a catastrophic as results leader that anyway is very popular among people by succeeding every time to blame someone else for the problems.


Look at Greece, think of Spain

While most analysts are looking at the Greece theater, the real and much bigger problem is rising in Spain. After series of stupid political decisions, with most important of them - stopping the even not started reforms, the country as expected is heading a catastrophe. The interest on 10-year bonds rose again to 6,5%, that with the enormous Spanish debt means almost a default. Instead of making reforms and cutting spending the prime minister Rajoi is just praying on the icon of Draghi to start printing money.


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