Greek Defense Minister Gets 8 Years For EUR 100,000 Hidden Assets

The problem the Greek elite have is that if they are not seen to be doing anything against the rampant  corruption so prevalent amongst them it could very well end with the Guillotine for all of them. So last week the ex-mayor of the second biggest city disappeared to jail for life for embezzling $17 […]

And here we go: A third Greek bailout is nessesary

From Zero hedge Following up on Peter’s summary of the if-then conditional analyses to be conducted concurrently by various classes of Greek bondholders ahead of Thursday’s PSI deadline (even as Bingham is rapidly organizing a Greek ad hoc ‘holdout’ committee to stop the PSI), here is some news that may obviate pretty much everything, and […]