‘Everyone’s outraged’: angry Greeks foresee Grexit and drachma’s revival

Greece faces its toughest austerity measures yet, with €5.4bn of budget cuts backed by the leftist government of Alexis Tsipras

In his tiny shop in downtown Athens, Kostis Nakos sits behind a wooden counter hunched over his German calculator. The 71-year-old might have retired had he been able to make ends meets but that is now simply impossible. “All day I’ve been sitting here doing the maths,” he sighs, surrounded by the undergarments and socks he has sold for the past four decades.

“My income tax has just gone up to 29%, my social security payments have gone up 20%, my pension has been cut by 50 euros; they are taxing coffee, fuel, the internet, tavernas, ferries, everything they can, and then there’s Enfia [the country’s much-loathed property levy]. Now that makes me mad. They said they would take that away!”

Related: Greek MPs approve toughest austerity measures yet amid rioting

Related: What do Greeks think of the latest austerity measures?

Related: The choice for Europe: rescue Greece or create a failed state | Paul Mason

Continue reading…

5-Hour Energy Drink Founder Wants To Make Fake Rain

Manoj Bhargava is taking the Henry Ford approach to clean water. Bhargava, who single-handedly changed impulse buying in convenience stores by with his 5-Hour Energy Drink, is now dedicating his time to the Rain Maker, a water distilling system for helping ameliorate the world’s looming water crisis. The system works similar to […]

Is Pep Guardiola Becoming A Mirror Image Of Jose Mourinho?

After exiting the semi-final of the Champions League to Atletico Madrid last Tuesday, Bayern Munich’s Pep Guardiola bullied Bayern’s physiotherapists – nearly coming to blows with one individual – at their failings surrounding the match fitness of key players, like Arjen Robben. On Saturday, Guardiola led Bayern Munich to their […]