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The Eurogroup Made Simple

The Eurozone is the largest and most important macro-economy in the world. And yet, this gigantic macro-economy features only one institution that has legal status: the European Central Bank, whose charter specifies what powers the Frankfurt-based institution has in its pursuit of a single objective: price stability. Which leaves the question begging: “What about economic […] Read more

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3rd to 6th July: the three days that shook Europe

(Repost from Yanis Varoufakis’ blog) On the 5th of July 2015 the people of Greece wrote a stupendous chapter in the annals of the global struggle for democracy. It should be remembered as such, independently of what happened next. For, during these three days that shook Europe, They turned a deaf ear to the local oligarchy’s hysterical […] Read more

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What happened after the last Eurogroup

July 1st, 2015: Varoufakis explains why he advocates to vote NO in the referendum July 5th, 2015: Despite the banks being closed and massive media propaganda for the YES, the NO (Greek “OXI”) unexpectedly wins by over 61%. July 6th, 2015: After learning that Prime Minister Tsipras intends to squander this capital and capitulate, Varoufakis […] Read more