Politics of Greece


Want to know the future of Belize? See Greece

Pay attention to what’s happening in Greece. We’ve posted about this before and things di geh dread as we say in Belize. Greece is slowly being led to slaughter house and Belize is going to the same place, Greece is at the door, Belize is making it’s way down the chute. Greece’s economy will be locked down with capital controls if it can’t find a deal by the weekend European governments are ready to push for capital controls in Greece would mean a severe lockdown on flows of cash … strict limits on the amount that could be withdrawn from […]


The 'Grexit' Issue and the Problem of Free Trade

By George Friedman The Greek crisis is moving toward a climax. The issue is actually quite simple. The Greek government owes a great deal of money to European institutions and the International Monetary Fund. It has accumulated this debt over time, but it has become increasingly difficult for Greece to meet its payments. If Greece doesn’t meet these payments, the IMF and European institutions have said they will not extend any more loans to Greece. Greece must make a calculation. If it pays the loans on time and receives additional funding, will it be better off than not paying the […]


What happens when a country Defaults on their Foreign Debt or gets a Bailout to avoid Foreclosure? 4

Lets look that the Bailout deal struck today to attempt to save Greece from Financial disaster. EU – European Union ECB – European Central Bank IMF – International Monetary Fund The second bailout for Greece will avert imminent bankruptcy and Greece will stay in the Eurozone. The deal comes in two parts: Investors take a huge loss of $142 Billion Dollars (A loss of nearly 55%) Greece will receive 130 Billion Euros in new loans. But before that can happen they have to implement 3 Billion Euros in spending cuts. To add, they will get an interest rate reduction to […]