This is unfortunately very true.

Everybody who has money in Greek banks will in all likelihood get robed with the stroke of a pen.

Sounds like it's a basketcase all around.

... how afraid my poor countrymen are of Varoufakis:

https://www.youtube.com/watch?...

Greece was a Democacy longer than I am alive ( I was born 1971). Seems to me to be a rather weak justification.

"And who or what gives the Eurocrats the authority to print Euros?"

The ECB, and it's has the authority from the foundational treaties of the currency union.

And who elected the Greek government?

"They lose too much in a grexit."

This calculation is rapidly readjusted at this point. The Greek economy is peanuts in comparison to the whole EU, and setting a precedent that you can bend the rules with impunity will be more expansive.

My bet: Greek sovereign default by the end of this week. Grexit by the end of the months after the ECB stoped re-financing the Greek banks.

Supposedly Greece was a democracy, where did the oligarchs come from?

Yes, giving a country a line of credit is just like invading it and shooting its citizen. Totally.

Indeed, it was mostly the British and Dutch flag, but to their credit they caught on earlier how reprehensible this business was (not by much in the case of the Dutch).

6 years testing seems totally appropriate.

Agile coding at its best.

OPC ensures that manufacturing will never return to the US.

If there's no IP barriers all the competitive advantages are in the manufacturing process.

It's a huge gift to the Chinese hardware sector, because that's all they have.

There is nothing natural about markets.

Markets don't just happen automatically, they are created by governments that level the playing field, provides fair jurisprudence and enforce contract law.

I am all for good governance with checks and balances precisely because I like free markets and personal liberties.

Thanks for posting this.

So prescient.