Cyprus is in tatters following the disastrous bank bailout offer a few weeks ago and this week’s new economy-“saving” bailout. Is this the new face of the eurozone? And could the Cyprus crisis bring down the entire economy?
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GREECE
Follow Crikey’s latest coverage of Greece. Crikey’s Greece coverage includes independent news, blogs and commentary.
How the great Cypriot bank heist could crash the eurozone
The Cypriot government’s idiotic decision to tax bank deposits could have a dangerous spillover effect in Greece and the rest of the eurozone, writes British political activist and commentator Kevin Ovenden.
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The new, tough, unprincipled, Labor Party
What was once the party of compassion and humanity has abandoned its principles and now boasts that anything you can do we can do tougher.
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The report into the Fair Work Act is a classic government report
Never set up an inquiry unless you know the outcome beforehand. That’s the standard advice from public servants to ministers.
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Prepare for a hot year in Oz
The US National Weather Service has joined Australia’s Bureau of Meteorology in pointing to an increased likelihood that an El Nino event with its higher temperatures is on the way.
READ MOREIf Gillard isn’t lecturing Europe, she ought to be
Australian journalists have missed the point that there is growing concern about the failure of Europe to understand how bad its problems are. Glenn Dyer and Bernard Keane report.
READ MOREWe were promised an information age
Crikey readers have their say.
READ MOREForget about Greece, Asia is where business must look
The possibility of a Greek exit from the euro is now diminished, at least in the short term. How Greece copes with those crushing austerity measures in the coming months and years is a question that remains difficult to answer.
READ MOREGreece and France deliver differing verdicts from voters
The important election result from the weekend was from France, where pro-growth policies have received a strong endorsement, write Glenn Dyer and Bernard Keane.
READ MORERundle: Greece where the protest will become more militant
Now, the politics of Greece, and of Europe, have been fundamentally re-arranged.
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Rupert’s call saving … TT journo suspended … record ebook sales …
In today’s Media Briefs: Front Page of the Day … The Department of Corrections … Seven suspends Today Tonight reporter … Ebook sales finally take over from hard cover in the US … Sunday Sun’s sales slip and more …
READ MOREWhat the Greek election means for the rest of the world
After a tight vote on the weekend, pro-bailout party New Democracy won support for austerity measures in Greece. But what, asks Patrick Stafford, does this mean for global economy?
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‘Attack’ Greek to Guido … Azaria goes global …
In today’s Media Briefs: Fair fight, or brutal assault? … By dingo! Chamberlain inquest findings go global … AAP cuts staff … Front Page of the Day and more …
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Too much air-time too often for leaders
I heard an interesting observation on US National Public Radio at the weekend about the negative impact on the presidential image of the president being seen and heard talking too much.
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Further happy economic signs.
Today’s employment report from the Australian Bureau of Statistics indicates an economy still growing well.
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Labor are pencilling in July 1
The Prime Minister seems to be investing a lot of faith in a belief that on 1 July that the people will see Tony Abbott as a scare mongering fraud and that Labor’s stocks will improve.
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Guardian review … Leveson latest … C-Mail police probe …
In today’s Media Briefs: typo of the day … Front Page of the Day … Jeremy Paxman says Piers Morgan told him how to hack a phone … Police probe complaint against Courier-Mail and more …
READ MOREChaos reigns in the slow-motion train wreck that is Greece
Greece has nothing going for it, except tourism but that is overshadowed by close to €300 billion in known debts, the financial equivalent of a black hole that could suck the rest of Europe and global finance into it.
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Australians are catching the Greek disease
The world banking system is about to be tested once again by another European crisis because politicians and central bankers underestimated the power of people, writes Robert Gottliebsen.
READ MOREUngoverned Greece putting eurozone in danger
Greece’s posse of party leaders could not be corralled by the president of the republic so a week after a national election there is no administration in sight, writes Dr Nick Skrekas, an economist and lawyer on the ground in Athens since the start of the Greek crisis.
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Red Leak … x-rated ABC … Kyle’s numbers …
The Australian’s front page — depicting a Soviet realist-style Wayne and Julia marching before an enormous hammer-and-sickle flag — is another chapter in the long discussion of what-the-hell-happened-to-Bill-Leak? Plus other media news.
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Maley: bailout doubts for an unruly Greece
Athens is lurching dangerously out of control, after the failure of Antonis Samaras’ to form a coalition government sharply increased the likelihood that the country will quit the eurozone.
READ MOREThe public service and spin
Crikey readers have their say.
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Studying Gillard’s Hansard record on Craig Thomson
I spent some time going back and looking at the Hansard record of how Julia Gillard has handled over the past few months the allegations about Craig Thomson and his behaviour at the Health Services union.
READ MOREPoking a stick at our democratic system
Queensland Health confidentiality deed: Bronwyn Nardi, Queensland Health’s acting deputy Director-General of Policy, Strategy and Resources, writes: Re. “Medical student outrage over Queensland Health gag order” (yesterday, item 2). All clinical staff and students need to understand that patient confidentiality is a critical part of this job. The duty of confidentiality is a long-standing requirement […]
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