Austria Is Becoming Greece. Wait, What?

Austria’s financial troubles seem to mimic the early signs of Greek financial mismanagement. According to Telegraph.co.uk’s Jeremy Warner, Austria’s failed Hypo-Alpe-Adria Bank International falls into the same category. He said that the latest turn of events aren’t yet in the eyes of financial markets or policymakers.

The Austrian government has had enough to fund the banks’ losses. The government said it would “bail-in” external creditors with €7.6 billion. The Austrian government is to cut loose an entire region and let it “go bust.”

Warner said this is a similar situation to Greece during its early financial downfall.
The bail-in for Hypo will create consequences for other Austrian banks, especially those holding a high volume of bonds from Hypo and interlinked banks throughout Europe.

Greece is Still In Trouble

Despite his charisma and intelligence with the "war of words" in Germany and other European countries, Greek Finance Minister Yanis Varoufakis bears no fruit. Greek Prime Minister Alexis Tsipras warns him to "stand down" and maintain a lower profile.
Varoufakis is told to "talk less, do more" instead of babbling with the media about his plans. He has since maintained a low profile in social media and limited his appearances in the media.
Local Greek newspapers are warning Varoufakis that his "support profits" from the Greek elections are running out because of his actions.