Could Uncertainty in Greece Kickstart Another Bitcoin Bubble?
Talks in the Eurogroup took place Yesterday. Greece didn't manage to reach an agreement with its eurozone creditors. Despite its original intentions, Athens rejected eurozone's demands as the Greek finance minister ultimately described them as "unacceptable". In his statement after the Eurogroup, he claimed that the text in the draft shown to him was changed during the Eurogroup meeting with a document he could not accept. The creditors really have Greece on a tight leash as they told Greek officials that they have until Friday to request an extension to the current bailout or Greece will....
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Greece faces a €1.5 billion payment to the IMF expires on June 30, and to make matters worse The Eurozone portion of Greece's €245-billion bailout expires on the same day. This huge debt and interest is totally unsustainable for Greece to maintain and Greece has no more to give. This could mean Greece exclusion from the Eurozone. Would it be a good idea for Greece to renounce the euro and adopt bitcoin? This would mean giving up their sovereign monetary policy. However, the finance minister of Greece, Yanis Varoufakis, believes that because Bitcoin is deflationary, it would be bad for....
As Greece approaches the referendum on Sunday July 5, there is complete uncertainty as to whether “yes” or “no’ will be voted for and what the ramifications of such a vote will mean. Meanwhile, PayPal, Western Union and Paysafe have all shut down as a result of capital controls. Greece has already become the first developed country to default on an IMF loan to the tune of €1.5 billion. In recent days, there has been back and forth between the EU and Tsipiras, and many heated discussions leaving many to guess the next steps. There is even a splintering within Syriza to top it all off. The....
NFTs are all the rage at the moment. At the same time, some, including Mike Winklemann, AKA Beeple, have described the situation as a bubble. “I absolutely think it’s a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst.” […]
Greece, one of the world’s regions that was known for ratio, philosophy and mathematics in the ancient world is under siege. These days, Greece and the lending/repayment actions are daily in the news. A lot of people are getting worked up about the EU, the European central bank, Germany, Belgium, lending policies etc. and “the poor Greek people”. To understand the EU viewpoints on Greece, just or not, and Greece itself we will have to go back in time. In the second part, we will discuss the benefit of blockchain like technologies and Bitcoin. To understand the current crisis in Greece, we....
European shares and periphery Eurozone bonds tumbled on Monday after the Greek parliament rejected the government's presidential candidate, setting the stage for an election that anti-austerity party Syriza could win, Reuters reports. The markets reflected uncertainty about Greece's future in the Eurozone under a possible Syriza government. Greece's Prime Minister Antonis Samaras failed to get enough support for his nominee, Stavros Dimas, and will now call a national election for Jan. 25. The ruling coalition led by New Democracy is lagging in the polls behind Syriza, whose rise reflects....