Saturday, January 31, 2015

Greece Capital Outflows.

(ht Alessandro Leipold)
All indications are that the exiting capital has intensified in recent days since the election into power of the radical left wing Syriza Party.

And Greek interest rates are soaring.



  1. Spain rally: Podemos holds Madrid mass 'March for Change'

    Tens of thousands of people have massed in central Madrid for a rally organised by radical Spanish leftists Podemos.

    The "March for Change" is one of the party's first outdoor mass rallies, as it looks to build on the recent victory of its close allies Syriza in Greece.

    Podemos leader Pablo Iglesias told the crowd a "wind of change" was starting to blow through Europe.

    Podemos has surged ahead in opinion polls, and has vowed to write off part of Spain's debt if it comes to power.

    The BBC's Tom Burridge in Madrid says that there has been an impressive turnout and a carnival atmosphere at the rally.

    Several of Madrid's main avenues became a sea of people and purple, the party's colour, he says, after its supporters travelled from all over Spain.
    'We dream'

    Marching from Madrid city hall to the central Puerta del Sol square, protesters shouted "Si, Podemos!", meaning "Yes, we can".


  2. Greece's new fin min Varoufakis has released a free ebook on Amazon outlining his economic and political thinking