The Greek Coup: Liquidity as a Weapon of Coercion

By Ellen Brown, Web of Debt Aug 2, 2015 In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse. Dig deeper ( 7 Min. Read )

Yanis Varoufakis Had a Plan B

Alexander Reed Kelly / Truthdig Jul 29, 2015 Greece’s former finance minister had a contingency plan if the country’s creditors shut down its banking system and blocked its ability to do business with other countries, as they eventually did. And he’s being pilloried for it. Dig deeper ( 2 Min. Read )

Greek Reforms ‘Will Fail,’ Former Finance Minister Varoufakis Says

Roisin Davis / Truthdig Jul 19, 2015 Yanis Varoufakis, who resigned recently, predicted that the measures will “go down in history as the greatest disaster of macroeconomic management ever.” Dig deeper ( 2 Min. Read )

How Goldman Sachs Helped Create the Greek Debt Crisis

Robert Reich / Truthdig Jul 17, 2015 The investment bank turned a huge profit by helping to hide the real extent of Greece's debt, and in the process almost doubled it. Dig deeper ( 5 Min. Read )

Grexit or Jubilee? How Greek Debt Can Be Annulled

By Ellen Brown, Web of Debt Jul 16, 2015 The crushing Greek debt could be canceled the way it was made—by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats. Dig deeper ( 7 Min. Read )

VIDEO: Civil Servants Want Greece to Leave the EU, ‘Which Is Like a Noose Strangling People’

Alexander Reed Kelly / Truthdig Jul 15, 2015 As Greek lawmakers prepare to vote on EU austerity demands attached to a new bailout, civil servants announced a 24-hour strike, and hundreds of protesters gathered in Athens to show their opposition to the terms. Dig deeper ( 1 Min. Read )

EU Bailout Terms Are Designed to Force Syriza From Power

Alexander Reed Kelly / Truthdig Jul 2, 2015 The aim of German Chancellor Angela Merkel and other EU powers in the Greek debt crisis is “apparently to humiliate Tsipras and his government in preparation for its early replacement with a more pliable administration,” writes Seamus Milne, associate editor of The Guardian. Dig deeper ( 2 Min. Read )

VIDEO: Michael Hudson and Bill Black: A Greek Bailout Is Really a Bailout of Western Banks

Alexander Reed Kelly / Truthdig Jul 1, 2015 The esteemed U.S. political economists say Western financial institutions are keen to bail out Greece because if they don’t, the country's existing creditors -- other Western financial institutions -- will fail to recover money they previously lent to Greece. Dig deeper ( 11 Min. Read )

VIDEO: The IMF Walks Out of Greece Bailout Talks

Alexander Reed Kelly / Truthdig Jun 12, 2015 The U.S.-led global debt brokerage pulled out of negotiations with Greece on Thursday after it accused Athens of refusing to compromise over labor market and pension reforms. Dig deeper ( 1 Min. Read )