.

My primary Microsoft system tied itself in a knot.  I am rebuilding.

http://www.nytimes.com/2012/05/19/world/europe/tsipras-greek-political-star-puts-europe-on-edge.html?pagewanted=2&ref=europe

"Although he conceded that the Greek state had “significant dysfunctionalities and a need for deep structural changes,” he did not offer specifics beyond faulting the Socialists and center-right New Democracy for building up a jobs-for-votes system that helped Greece’s public debt balloon.

Instead, he kept repeating the mantra that he hoped would help him consolidate power in just over a month, in the form of a stark warning to Greece’s European partners: Pushing Greece out would be “cutting the branch that we’re all sitting on.”"

The bank, the ECB, definitely has a problem.

• 

  Germany isolated over euro crisis plan at G8 meeting in Camp David

  19 May 2012: Barack Obama and David Cameron want German chancellor Angela Merkel to set out a clear path forward for Europe 115 comments

• Fearful Greeks shift to the right as Europe pleads: 'don't self-destruct'

  19 May 2012: Polls show support for pro-bailout parties rising despite bitter opposition to austerity out of fear of eurozone expulsion 46 comments

• G8 talks focus in on eurozone crisis as Merkel holds out on stimulus package

  19 May 2012: Obama and French president Hollande in step over possible growth package but gulf remains between European leaders

• David Cameron calls for urgency on eurozone crisis

  19 May 2012: After talks on treadmill with Barack Obama, UK prime minister says banks and firewalls must be strengthened

• Angela Merkel caught in referendum row with Greece

  18 May 2012: Greece claims German leader advised it to hold a referendum on euro membership – but her spokesman denies allegations

• The eurozone crisis: five ways it affects you

  18 May 2012: From pensions and savings to holidays, we look at how the latest market turmoil will impact on your finances
  19 comments

• Euro crisis: Is Cyprus next for the Grexit?

  18 May 2012: Cyprus, with its out-sized banking sector equal to 835% its GDP, could be the next knock-on from the Greek euro crisis 9 comments

• The Jamaicanisation of the eurozone

  18 May 2012: Mark Weisbrot: By imposing budget cuts and austerity, the ECB is condemning countries like Greece and Spain to an economic twilight zone
  135 comments

• The G8 and the euro: make this one count

  18 May 2012: Editorial: Europe needs to go in for a proper restructuring of its banking sector along the lines of that executed by Gordon Brown and Alistair Darling in 2008-09 59 comments

• UK 'may never fully recover' if Greece exits euro

  18 May 2012: Top forecaster says Britain would face long recession as key Greek politician frames crisis as people v capitalism
  739 comments

• Simon Hoggart's week: Obama rapped for the euro crisis

  18 May 2012: Simon Hoggart: Some blame the US president for stifling growth in the eurozone by keeping the dollar artificially low

• Greek leftist leader Alexis Tsipras: 'It's a war between people and capitalism'

  18 May 2012: Greece's eurozone fate may now be in the hands of the 37-year-old political firebrand and his Syriza party

• G8 summit: French €57bn financial tax plan rejected by UK

  18 May 2012: Eurozone set to dominate talks, with Obama caught between two competing visions of how to solve crisis

• Martin Rowson on the growing frustration over the eurozone crisis – cartoon

  Cartoon, 18 May 2012: The heat is rising across Europe over Greece's future membership of the European single currency
  

This is mostly spin.


Discussions continue at Camp David.  No report of progress.

Another post I went to sleep on.