The Greeks Strike Back (Not Yet, Though)
Kudos to Greek voters, who put the populist Syriza party within spitting distance of an absolute majority. Syriza's leader, Alexis Tsipras, wants up to half of Greek debt to be written off, but he's eschewed (for now) talking about taking Greece out of the Eurozone. A fatal mistake. Probably he doesn't understand the political nature of the Eurozone system or, specifically, that it exists in order to allow the Germans to stamp their bloody boots all over Europe without having to accept any responsibility for the consequences. Debt write offs don't begin to address the on-going European austerity crisis. But, then, who can understand the Eurozone system? It's a non-trivial, vastly complex pathology. To try to be a neutral observer, all I can say is that there ought to be a course somewhere titled "The ontology of European money".