He may have resigned as Finance Minister but the guy is pissed. Greece not only completely caved. They agreed to sell off 50 billion Euros of assets to the banks. Governments selling assets is good. But selling them to German banks is definitely not good. Varoufakis has a Q&A up at Zerohedge that shows both sides of … Continue reading GREECE CAVES: Will Yanis Varoufakis Come to the Rescue?
I’ve always had mixed feelings about the guy. On the one hand he’s a commie. On the other hand, he promised not take any bailout money and he never did. He has resigned, saying: Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and … Continue reading We’ll Miss You, Yanis Varoufakis
Here’s another edition of “How to Explain Politics/Economics to a 4 Year Old”. I haven’t done this, but I may as well now. Economics really is the most important secular subject for people to understand because when some big politico gets up in front of a crowd and starts spouting finance terms, 999,999 times out … Continue reading Varoufakis to Eurozone: Everyone Should Help Pay Greek Debt Through Eurobonds!
Never go full retard. (I realize that this joke is insensitive, but I couldn’t resist. Forgive me.) When you go politician, you go a little bit in, dabble your foot, play with words, deflect a question or two. But you never go full politician. ESPECIALLY when you state publicly that you will resign the minute you … Continue reading Varoufakis Goes Full Retard
If I were a Syriza fan, of which I absolutely am not, I would see this line as the saddest letdown ever. From Bloomberg, and it’s really, really pathetic. I almost feel for these sad Greeks. Not for Tsipras, but for the people. Just sad. Prime Minister Alexis Tsipras is trying to access European bailout funds … Continue reading GREEK SADNESS Tsipras and Varoufakis Completely Cave Like Dogs
Oh well. I was wrong. I thought I was on to something with Varoufakis but apparently a grasp of basic economics (which Yanis Varoufakis does not quite have) is a necessary condition for having a spine. I thought that maybe it didn’t have to be that way, but he caved to a bailout extension of … Continue reading Greece Caves, Varoufakis Fails, He Should Resign Immediately
The Greek talks with the Eurozone just broke down again. There currently is no way forward. Greek bank runs may start as early as tomorrow. If they do, the Eurozone will disintegrate fast. Most people did not see this coming and thought Greece would cave. But I did. I felt Greece would not cave, at … Continue reading Varoufakis Holding his Own, Germans want him replaced!
He may be a confused “Marxist libertarian” whatever that means, which is what he calls himself, but whatever fire is in him, though it isn’t a total “kosher blue flame” as my 10th grade chemistry teacher called it in lab, Yanis Varoufakis is heating up. This is what happens when a human being, though not … Continue reading Yanis Varoufakis is Threatening to Push the Greek Default Button!
BAM! Yanis Varoufakis was just confirmed as Greece’s new finance minister. I’ve been writing about Varoufakis since 2012. You can see all the posts I’ve written about him here. First off, no he is not a libertarian. BUT he is genuine, he is not a politician (yet), and he’s got fire in his soul. That … Continue reading GREEK HOPE Yanis Varoufakis Named Greece Finance Minister
I love this guy, but I don’t understand him. He’s got some things so right, and others so wrong. Yanis Varoufakis was just interviewed on Bloomberg about what should be done in Greece. He’s a pleasure to listen to because unlike other smug econometrician academic weasels, you can tell Varoufakis is sincere and has some … Continue reading Varoufakis and Tzipras are on a Collision Course