"Greece, Russia agree explosive gas deal"

   (Commentary posted by Roger Erickson)

Hope it amounts to more than a hill of beans.

(Image, night view of annual Taos Chili Cook-Off)

Greece couldn't get a debt deal with Europe. So it went to Russia and signed a controversial gas deal instead!

"According to a Russian report, the new gas pipeline -- which will bypass Ukraine -- will cost roughly two billion euros ($2.3 billion) and will be completed by 2019. The costs will be covered by Russia, with the understanding that Greece will repay its pipeline debts later."

Will this change things? Ask Ukraine.

"... both Lagarde and her deputy have since signalled that the IMF will keep financing Ukraine as long as it pushes ahead with its prescribed austerity and restructuring measures."

Greece says "In your face, ECB. Stop Draghiying My Economy Around."

This should be an VERY interesting week.