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A Visual Timeline Of The Endless Greek Crisis Through The Economist's Covers

Tyler Durden's picture




 

It all started in April 30, 2010, days ahead of the first Greek bailout , when the Economist shocked the world with its first Greece-themed cover, the infamous Heart of Eurodarkness reprise, "Acropolis Now."

 

Ever since then it has been a veritable cornucopia of content for the Economist's cover designer. As the London-based publication itself says, "for a relatively small country it is a rare distinction (or misfortune) to make the cover of The Economist. Greece, however, has managed the feat no less than seven times over the past five years. It first made the grade in May 2010 as its sovereign-debt crisis spiralled out of control. Frequent trips back to the brink of disaster have been responsible for repeat cover performances, as has the occasional bail-out or election"

Here is a quick stroll through memory lane of how the Greek fiasco unwound over the past 5 years, as summarized by cover art:

June 25, 2011:

 

November 5, 2011:

 

May 12, 2012:

 

May 19, 2012:

 

January 31, 2015:

 

... all culminating with the latest, June 20, 2015 cover of "My Big Fat Greek Divorce" which courtesy of last night's latest can-kicking deal may have gotten a last minute reprieve in divorce court, but the sadly "the irreconcilable differences" will always remain, as will the final outcome. The only question for Europe's increasingly unsustainable equilibrium: the date the divorce papers are signed.

 

And putting it all in context:

 

As the publication summarizes:

"One suspects there may be more covers to come, though not too many, we hope; our stock of available metaphors is looking as depleted as Greek bank vaults."

Fear not: if there is one thing the status quo is good at, it is kicking the can and avoiding reality as long as possible especially as everyone's vaults, not just Greece's, run dry. Indeed, the economist may need to hire more cover artists soon, although we do admit that everyone's creativity and imagination when it comes to Greece is now "depleted"...

 

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Tue, 06/23/2015 - 08:10 | 6224908 The Steaksmith
The Steaksmith's picture

That's it? Seems like more. Lookin foarward to the breathless 2017 edition covers on 11/5 & 11/3

Tue, 06/23/2015 - 08:13 | 6224921 greenskeeper carl
greenskeeper carl's picture

is it just me, or is a douchy establishment rag like the economist trying to get all cute with the titles and covers annoying as hell?

Tue, 06/23/2015 - 08:15 | 6224929 Took Red Pill
Took Red Pill's picture

here's one they can use;

Plutarch,Greek Historian of the 1st century BC " The real destroyer of the liberties of the people is he who spreads among them bounties, donations and benefits"

Tue, 06/23/2015 - 08:18 | 6224940 Haus-Targaryen
Haus-Targaryen's picture

Oh how I wish the bond bubble would pop finally, and Spain & Italy had to pay market rates for debt. 

Fucking ECB.  

Tue, 06/23/2015 - 08:23 | 6224952 Philo Beddoe
Philo Beddoe's picture

They are just playing chicken. 

Tue, 06/23/2015 - 08:29 | 6224966 VinceFostersGhost
VinceFostersGhost's picture

 

 

It's banker's daytime TV soap-operas.

Tue, 06/23/2015 - 08:14 | 6224923 stocktivity
stocktivity's picture

It's all Bullshit!!!  This Greek story is sickening!  Enough!  They will get their loan to pay back the interest on the previous loan. I said it right along.

Tue, 06/23/2015 - 08:15 | 6224931 DavidC
DavidC's picture

Spot on. And it's only the start, followed by Portugal, Spain, Italy and France (in that order).

It's absolutely pathetic.

DavidC

Tue, 06/23/2015 - 09:15 | 6225137 Antifaschistische
Antifaschistische's picture

Where's the Economist Cover with the Greek PM bowing down to an EU Goddess as she hands the bankers another $40 billion and lets him live another year?

Tue, 06/23/2015 - 08:07 | 6224912 IridiumRebel
IridiumRebel's picture

Whatever....extend and pretend....house of cards will crumble when they want it to.

Tue, 06/23/2015 - 08:10 | 6224916 NoDebt
NoDebt's picture

The cliffhanger ending awaits the next party in power.

Tue, 06/23/2015 - 08:10 | 6224917 Philo Beddoe
Philo Beddoe's picture

Needs more Olivia Newton John. Perhaps a centerfold. 

Tue, 06/23/2015 - 08:24 | 6224953 Bearwagon
Bearwagon's picture

No problem, J. Geils Band took care of that:
https://www.youtube.com/watch?v=BqDjMZKf-wg
J. Geils Band  "Centerfold"

Tue, 06/23/2015 - 08:12 | 6224920 wisefool
wisefool's picture

11:00 hours till I can clock out.

Tue, 06/23/2015 - 08:14 | 6224925 sudzee
sudzee's picture

Greece was doing just fine before the euro and after this experiment in free money and bribery for slavery will do just fine when back on the drachma. 13 years on the euro has prooven to be a shortlived disaster. 

Tue, 06/23/2015 - 08:16 | 6224935 DavidC
DavidC's picture

If only Greece itself would realise that.

DavidC

Tue, 06/23/2015 - 08:16 | 6224933 nevadan
nevadan's picture

Maybe the can use WB7 as an outside contractor if they run out of ideas for more cover pages.  I)

Tue, 06/23/2015 - 08:28 | 6224963 WTFUD
WTFUD's picture

No i can remember WB7 saying , a rag like the economist would be one of his red lines.

Tue, 06/23/2015 - 08:53 | 6225049 Mr. Magoo
Mr. Magoo's picture

If we look at the symbolism of the Rothschild rag, maybe they are telling us the whole euro zone is about to fall off the cliff, possibly the end of the road?

Just sayin

Tue, 06/23/2015 - 08:18 | 6224939 Agent P
Agent P's picture

To quote a famous moose..."This time for sure!"

Tue, 06/23/2015 - 08:19 | 6224941 Catullus
Catullus's picture

I suggest a play on Dr. Strangelove as the next metaphor.

Tue, 06/23/2015 - 08:23 | 6224949 Bearwagon
Bearwagon's picture

We cannot allow a mineshaft-gap ....

Tue, 06/23/2015 - 08:19 | 6224942 MarkAntony
MarkAntony's picture

I said it before AND I'll say it again - Tsipras, grow a pair already! Will ya'? Enough with the drama and political positioning - do something for the people!

Tylers, if you post more of this Greek "blah, blah, blah, blah..." crap I'm going to take a haiatus from this board...  Just let us know when they defaulted and the Drachma print has begun.

Sorry for the rant but I know several here are tired of this constant drama crap.

 

= end rant =

Tue, 06/23/2015 - 08:34 | 6224985 Monetas
Monetas's picture

You call that a rant .... of course you don't mean it .... you are  just presuming your history of precise and succint comments .... and we thank you for that ! LOL

Tue, 06/23/2015 - 08:39 | 6225003 WTFUD
WTFUD's picture

Yes it's like the mother in law coming to visit every day.

Tue, 06/23/2015 - 09:00 | 6225085 wisefool
wisefool's picture

Some (IT) people are on corzine watch. dont rub it in.

Tue, 06/23/2015 - 08:36 | 6224948 Monetas
Monetas's picture

Greece has a strong identity .... wait till this happens to a Euro Cuntry .... with no spine .... no strong cultural identifty .... where multi-culturalism and socialism are their defining characteristics .... except for their Muslim squatters .... cuntries like Sweden, Denmark, Belgium, the Netherlands, England .... it will be even more boaring !

Tue, 06/23/2015 - 08:25 | 6224956 Bill of Rights
Bill of Rights's picture

More like a visual comic strip.

Tue, 06/23/2015 - 08:36 | 6224990 MFL8240
MFL8240's picture

This situation is a game for the US goverment to play with the European economy.  Sick isn't it?  The people of Germany are being played for fools!

Tue, 06/23/2015 - 08:44 | 6225020 Monetas
Monetas's picture

Don't play one country over another .... socialism is a gutless cancer .... that has infected all countries .... with egalitarian equality !

Tue, 06/23/2015 - 08:39 | 6225002 Seasmoke
Seasmoke's picture

Surely they have another 12 months of material with John Travolta and Olivia Newton John 

Tue, 06/23/2015 - 10:25 | 6225341 Trucker Glock
Trucker Glock's picture

This ATM is automatic.  It's systematic.  It's hydromatic.  Why, it's Greeced Lightning!

Tue, 06/23/2015 - 08:42 | 6225010 IPURDOM75
IPURDOM75's picture

Those guys are motherfuckers but at least they have humour!

Tue, 06/23/2015 - 08:47 | 6225029 ramgold2206
ramgold2206's picture

FFS I'm so fed up with all this EU bullshit...Ireland took the opposite direction to Greece yet the problems remain (just under the surface). The euro project is doomed but it will limp on for years crisis after crisis dragging everyone down with it.  

Reading ZH convinced me to own gold to try remove myself from this madness as best I could but like nearly everybody I had F..K all extra cash to convert into bullion.

6 months ago I had no cash and no gold and a shed load of credit card debt.. Now I have a some extra cash.. a few ounces  of gold... and I'm rid of the dreaded credit card debt..all from reading Zero Hedge and its commentators, taking that knowledge and doing something with it!!! thanks guys I owe you.

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Tue, 06/23/2015 - 08:51 | 6225042 Monetas
Monetas's picture

If they can draghi out this Greek tragic comedy .... imagine how long they can suppress gold ?

Tue, 06/23/2015 - 08:56 | 6225064 pc_babe
pc_babe's picture

Thank you to whomever.  Yesterday I was reading ZH and was soooo sick of the damn poppy, flashy, in-out grey to transparant ads that seem to have multiplied by 10x in the last couple months.  I read on ZH that someone said to switch to mozilla with flashblock and adblock.   OMG!!.  I did this morning and I am a happy camper. 

I know you need to make a few bucks Tyler, but jezzz it has become insane navigating all the crap.

Tue, 06/23/2015 - 08:59 | 6225079 Blopper
Blopper's picture

There will be NO GREXIT ever.

Tue, 06/23/2015 - 09:04 | 6225104 ramgold2206
ramgold2206's picture

agree Blooper... just years and years of woeful bullshit... I cant tolerate it any longer, its in our faces all the effin time! if we on ZH worked together we could maybe find a way out using the one PM we all know is kryptonite to the fiat bullshit

www.teamramgold.com

 

lets earn from our collective knowledge

Tue, 06/23/2015 - 09:02 | 6225092 Niall Of The Ni...
Niall Of The Nine Hostages's picture

The only cover of the banksters' house journal I'm likely to find amusing is the last one.

Picture: (on a slip of pink paper) WE'RE FIRED

Blurb: We saw our demise coming, along with that of fractional reserve banking. Why did we lie to you for so long---and on whose behalf? In our last issue, we come clean, and help readers follow the money

Tue, 06/23/2015 - 09:08 | 6225122 Flagit
Flagit's picture

The ONLY way this could drag out longer, is if they elected George R.R. Martin to PM.

 

"Don't worry, it's coming"

Tue, 06/23/2015 - 09:44 | 6225221 libertysghost
libertysghost's picture

Now for a Bloomberg headline scroll of how Russia is "on the verge of economic collapse".  

Tue, 06/23/2015 - 11:54 | 6225685 PGR88
PGR88's picture

The Economist is statist, progressive rag that pretends to be "free-market."

Tue, 06/23/2015 - 12:14 | 6225753 jonytk
jonytk's picture

paging williambanzai7 for more covers!!

Tue, 06/23/2015 - 13:28 | 6226068 Firewood
Firewood's picture

The € con oh Mist...filthy USed Red Shield toilet paper that doesn't even work on a dung heap.

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