Once again, Greece is on the brink of default, and this time, it appears that the government is going to let it happen. In essence, members of the far-left Syriza party that was elected earlier this year think that because they ran on an anti-austerity platform and won, their creditors should bow to the "democratic choice" of the Greek people and negotiate terms that leave Greece virtually off the hook for $320 billion in debt..  The government of Prime Minister Alex Tsipras is complaining that the modest labor and fiscal reforms demanded by EU creditors are "absurd." Negotiations have reached an impasse, and Tsipras took to the pages of the far-left French newspaper Le Monde to lash out at Greece's creditors. Financial Times:  Greece’s chances of striking a deal to access a much-needed €7.2bn in rescue aid looked even bleaker on Sunday after Alexis Tsipras, prime minister, accused bailout monitors of making...(Read Full Post)