Fucking hell.

Greece's leaked counter-proposal to creditors includes terms about re-imposing large-scale corporation tax and pension contributions. Obviously, the creditors aren't happy because of the chance this could plunge Greece even deeper into its depression and demanded that such terms be removed. Greece has rejected the offer, despite the pleading of Angela Merkel, which would've repurposed funds from bank recapitalisation to general government expenses.

Unless Greece and the creditors can come to an arrangement, Greece will likely suffer a run on the banks followed by capital controls and then default. Meanwhile, Eurozone officials have been drawing up contingency plans to ringfence Greece and protect the rest of the EZ should an arrangement not be made.

The Greek government is showing no signs of letting up on its corporation tax/pension contributions plans. Economic breakdown and social unrest are expected.

I wonder if they just go full commie and then work their way out. Could it work long term. Nah.

Seriously though, they could try the offshore tax haven routes. Or maybe try to lower taxes in certain industries that could creat jobs. Maybe renewable could be a market they could target.

I wonder why Isara isn't posting anymore...

I wonder why Isara isn't posting anymore...

I'm thinking it's because her computer in the kitchen broke.