Posts Tagged ‘Greece’

Note: The term Troika, which comes from the Russian meaning ‘group of three’, was increasingly used during the eurozone crisis to describe the European Commission, International Monetary Fund and European Central Bank, who formed a group of international lenders that laid down stringent austerity measures when they provided bailouts, or promises of bailouts  for indebted peripheral European states – such as Ireland, Portugal and Greece – in the financial crisis.

The oligarchs and their cronies are afraid…merkel

Brilliant non-technical talk.

Yanis Varoufakis, will be Syriza’s new finance minister. He has been a brilliant critique of EU economic policy for many years and is a splendid choice for the difficult task at hand: radically reforming the European Union’s political-economy.