By Patrick Clark 9/27/12 4:42pm

Whither Europe

GREECE-ECONOMY-STRIKE-DEMO

Surprise! Greece’s Ruling Poilitical Parties Have a Combined $300 Million Debt

Here’s a terrifying set of facts about Greece we didn’t know but don’t find too surprising: Government funding for political parties is tied to the percentage of votes they win; it’s not unusual for political parties to borrow against future funding; and as Reuters explains, the two groups that form the current governing coalition are in debt to the tune of $300 million: Read More

By Patrick Clark 6/19/12 7:44am

Morning Read

Greek Parties Still Negotiating Coalition, Wall Street Still Girding for European Crisis: Roundup

Whither Europe: Greece’s leading pro-bailout party—conservative New Democracy, which won Sunday’s elections, and socialist Pasok—are still negotiating to form a coalition to govern the teetering nation. Assuming a deal gets done, the first task will be to convince Europe to rewrite the Greek rescue agreement to provide more time—and financing—to meet Read More