The Latest From Greece: A Quick Rundown

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A quick summary of Greece to start my morning (or ease you into lunch if you’re on the East coast):

  • The Greek parliament has passed the first batch of legislation demanded by the Europeans.
  • This seriously split Syriza, and could even lead to the downfall of the government. In the meantime, there was rioting in the streets of Athens.
  • The European Central Bank responded by providing €900 million to Greece’s banks. It’s not much, and capital controls will stay in place for a while. But it keeps the ATMs churning out €60 per day, which is better than €0 per day.
  • Mario Draghi, the head of the ECB, said it was “uncontroversial” that Greece needs substantial debt relief. It all depends on Greece keeping its side of the deal. So now both the ECB and the IMF—two-thirds of the Troika—are publicly on board with debt relief.

That’s about it for now. Amid the chaos, things are moving forward. Nonetheless, the religious types among you should give thanks daily that you don’t live in Greece.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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