Its first stumble was a strategic decision last fall to undermine competitors by upping oil production and, thus, lowering the price.
On the 13th July, the democratic elected Greek government of Alexis Tsipras was brought to its knees by the European Union.
Austerity as a strategy is more than just throwing a scare into countries, it is also undermining the social contract between labor and capital that has characterized much of Europe for the past two generations.
On July 29, Sto Kokkino, the radio station politically close to SYRIZA, broadcast a long interview with Greece's Prime Minister.
Puerto Rico is unable to pay back its $72 billion dollar deficit and announced that the island's economy is on the verge of collapse.
All the workers of the world, I hope, hear the Greek voice, as in ages past they did. Solidarity. Its time is now.
The negotiations between Greece and the EU bring to mind Themistocles, a man who knew when to retreat and when to fight.
The banks declarations have been painfully exposed as lies, as Greece's economy has shrunk nearly one-third since it began following austerity policies.
Venezuelan President Nicolás Maduro was touring the world in January as troubles mounted at home.
Nigeria is in the news again because of vicious attacks by the extremist jihadi group Boko Haram in the country's Northeastern state of Borno.