By Chris at www.CapitalistExploits.at
I warn you... I'll get hate mail for this. I am a bad person.
Perhaps, I spent too much time in European cities because Athens and Greece in particular always failed to impress me.
Ok, they have a lot of crumbly buildings. But so do every other country in the region. Ephesus is more impressive than the Panthenon. The Colosseum more impressive than the Valley of the Temples.
Yesterday we reported that in a dramatic escalation against the lockbox of Europe's cash, a package containing explosives was found at the German finance ministry. It was, however, unclear who had sent it. Today we have an answer: according to Reuters, the militant Greek group Conspiracy of Fire Cells has claimed responsibility for the parcel bomb that was mailed to German Finance Minister Wolfgang Schaeuble, German police said on Thursday.
Silver Bullion Massively Undervalued From Historial Perpective
- What wages in ancient Athens can tell us about the silver price today- Wages paid in silver in ancient Athens compared to wages today- Silver massively undervalued compared to the past few thousand years
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,
Earlier this week I was talking in Athens to a guy from Holland, who incidentally with a group of friends runs a great project on Lesbos taking care of some 1000 refugees in one of the camps there. But that’s another topic for another day. I was wondering in our conversation how it is possible that, as we both painfully acknowledged, people in Holland and Germany don’t know what has really happened in the Greek debt crisis. Or, rather, don’t know how it started.
Greek 2Y bond yields soared, approaching 10% for the first time since September 2016, as an increasingly bitter fight between the nation’s creditors over its fiscal targets raised concerns it is running out of time to complete another review of its bailout program, and even sparked concerns a 4th Greek bailout may be in the offing. According to Bloomberg, the yield on Greek notes due in 2019 rose 79 basis points to 9.72% in afternoon trading in Athens.