Greece

It's a story that has been told many times in part, but not in total. While Goldman Sachs' role in helping to create the environment for Greece's government-debt crisis is well known, less discussion is given to the role the Clinton family played in helping Angela Merkel to consolidate political control of Greece while also assisting Goldman as it continued to benefit from the meltdown once austerity measures had begun. The Clintons appear to have received funds from both Germany and Goldman Sachs during this period.

Via KeepTalkingGreece.com,

Submitted by Michael Shedlock via MishTalk.com,

For the umpteenth time, the IMF has warned that Greece cannot meet fiscal targets set by its creditors. And once again, the IMF insists that it will not be a part of the “Troika” unless the goals on Greece are realistic.

History suggests the IMF will cave in to Germany and agree to some half-baked plan (make that 1/8th baked plan) that will supposedly put Greece back on track. Such nonsense has been going on for years.

Mercy, Please!

Submitted by Charles Hugh-Smith via OfTwoMinds blog,

Neocolonial "capitalist paradise" or crony "socialist paradise": the net result is the same: expropriation and impoverishment.

Yesterday I noted that not all assets will make it through the inevitable financial re-set. ( Which Assets Are Most Likely to Survive the Inevitable "System Re-Set"?)

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.