“Do not waste time idling or thinking after you have set your goals.”
Miyamoto Musashi translated by Stephen F. Kaufman

The Martial Artist’s Book of Five Rings

Greece: Firesale Phase

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… and so it begins … and though it may seem like I don’t think this the end game … it is the beginning of the end game … a systemically destructive chess game:

“But the German finance minister, Wolfgang Schäuble, dismissed that view, supported by a number of northern and eastern European states. “These proposals cannot build the basis for a completely new, three-year [bailout] programme, as requested by Greece,” said a German finance ministry paper. It called for Greece to be expelled from the eurozone for a minimum of five years and demanded that the Greek government transfer €50bn of state assets to an outside agency for sell-off.”

source

For me the greatest irony is that everyone is probably right … the Greek measures are not enough … and any bailout money is going to disappear together with the previous bailouts … there aren’t measures that are enough.

The computer I am typing this on (and the desk it is sitting on) I got second hand from a company in Cluj that closed its doors. They liquidated what they could. This is what the Eurogroup is trying to do with Greece … but Greece isn’t a company, its a country … and whats left behind isn’t an empty space but an empty people.

… and what does “demanded” mean?

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