George Orlwell coined the term doublethink in his classic book 1984. Doublethink is the power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them.
Have you listened to the conflicted beliefs coming from Spain lately?
European Central Bank board member Ewald Nowotny has just said something pretty worrying about Greece. When asked on TV, he indicated that he thinks the risks of contagion in the rest of Europe from a Grexit (Greek exit from the eurozone) are manageable and that it wouldn't have the impact it would have two years ago.
With a “defiant” Syriza determined to hold onto any shred of dignity and legitimacy that may remain in the wake of months of painful negotiations with its creditors and with a €5 billion advance from Russia (a large chunk of which will promptly be paid to the IMF which use it to bailout Ukraine which will hand
Frankfurt (AFP) - European Central Bank president Mario Draghi said Wednesday that the ECB wanted Greece to remain in the single currency, but that a "strong agreement" was needed between Athens and its creditors.
Greek Prime Minister Alexis Tsipras says the creditor institutions in charge of Greece's bailout haven't accepted the proposals Athens put forwards on Monday, which were previously seen as a big step towards a deal. That's according to a Bloomberg headline flash.