July 16, 2015

The Latest From Greece: A Quick Rundown

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A quick summary of Greece to start my morning (or ease you into lunch if you’re on the East coast):

  • The Greek parliament has passed the first batch of legislation demanded by the Europeans.
  • This seriously split Syriza, and could even lead to the downfall of the government. In the meantime, there was rioting in the streets of Athens.
  • The European Central Bank responded by providing €900 million to Greece’s banks. It’s not much, and capital controls will stay in place for a while. But it keeps the ATMs churning out €60 per day, which is better than €0 per day.
  • Mario Draghi, the head of the ECB, said it was “uncontroversial” that Greece needs substantial debt relief. It all depends on Greece keeping its side of the deal. So now both the ECB and the IMF—two-thirds of the Troika—are publicly on board with debt relief.

That’s about it for now. Amid the chaos, things are moving forward. Nonetheless, the religious types among you should give thanks daily that you don’t live in Greece.

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We need to start raising significantly more in donations from our online community of readers, especially from those who read Mother Jones regularly but have never decided to pitch in because you figured others always will. We also need long-time and new donors, everyone, to keep showing up for us.

In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

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