Greece owes the IMF 1.6 billion euro that it doesn’t have but is supposed to pay by tomorrow. Unless the ECB lends it to the Greeks, effectively converting the IMF debt into an ECB debt, Greece is bankrupt tomorrow. In months to come, much bigger debt repayments are scheduled to the ECB-IMF in tranches of 4 billion, and Greece won’t have that money either as its economy is still contracting.
Articles from Club Troppo
Summary of the March Quarter
Human rights lawyer Kerry Murphy has a very useful explanation of the weakness of judicial review as a safeguard against new laws foreshadowed by the Abbott government which would permit arbitrary ministerial stripping of Australians’ citizenship from those accused/suspected of terrorist activity. However, if anything the situation is even worse than Murphy says. Citizenship is
The supreme vice is shallowness
Oscar Wilde to Bosie
I met Adam Goodes very briefly in a restaurant in Randwick in 2000. He was then not well known but my sports-mad son Oliver noticed him and pestered me to let him request an autograph. I eventually relented and, when he trotted over, I signalled to Adam my apology at interrupting his dinner but he was very gracious and gave Oliver more time than I might have in the same circumstance. I had no idea he was aboriginal at the time, not that it was relevant.