Greek Government meeting right now.
Banks and the stock markets may stay closed until July 6th!!
erohedge 1 minuto
Greek Capital Controls Begin: Banks, Stock Market To Remain Closed From Monday [link to www.zerohedge.com] …
zerohedge 4 minutos
GREEK CENTRAL BANK GOVERNOR SAYS ANNOUNCEMENTS TO FOLLOW CABINET MEETING
Chinese market futures are in the red big-time, as well.
Gregor Peter 5 minutos
GREECE BANK TO BE CLOSED UNTIL JULY 6TH, PROTOTHEMA SAYS
The Greek banks might (and I emphasize might) be closed for the rest of the week, until after the referendum on Sunday June 5th.
Don’t know about the Athens Exchange, though.
Looks like capital controls are now in effect. It’s a high-stakes game of chicken between Greece and the EU/IMF.
Other than olive oil, I can't think of any other products I use that come from Greece. The only other Greek import I'm aware of is the Dukakis family but thankfully, the spigot of self-important big-government moonbats from Greece appear to have been turned off for a while now.
Skai TV live link. Tsipras to speak in about ten minutes
http://www.skai.gr/player/tvlive/
If I were in that situation, I'd take it on the chin, default, suffer some, and go their own way. Isn't it really a matter of how much can the elitists scare the little folk?
Stavros! Nick! Yanni! Now wait... now listen... now listen to me. I beg of you not to do this thing. If the EU gets hold of this Building and Loan there’ll never be another decent house built in this country. They’ve already got charge of the bank. They’ve got the bus line. They’ve got the department stores. And now they’re after us. Joe, you lived in one of their houses, didn’t you? Well, have you forgotten? Have you forgotten what they charged you for that broken-down shack? Here, Constantine. You know, you remember last year when things weren’t going so well, and you couldn’t make your payments. You didn’t lose your house, did you? Do you think the EU would have let you keep it?
There a a lot of reasons for this clusterbleep - the Euro was a horrible idea, the predatory way the emergency loans were structured etc. But the bottom line is that this is a Greek tragedy mostly of their own making. You can’t run a country that promises everyone a minimum standard of living and government pensions for all while no one pays taxes.
“The problem with socialism is that sooner or later you run out of other people’s money to spend. “ -Margaret (Baroness) Thatcher
Oh Good
Financial armageddon in Europe
Meanwhile, back in the the U.S., the political class is obsessed with legitimizing buggery
What great Leaders we have
Here’s my shocked face :-O
I'd be celebrating the USSC decision on gay marriage!
Who cares about the economy. Gay "marriage" is what is important right now!
At this point it’s clear that anyone who has NOT withdrawn any deposits in a GREEK bank is a complete fool. For that matter, anyone who accepts a check written on a GREEK bank account is a fool also.
Another socialist success story, liberalism triumphs.
The EU banks are deeply invested and stand to lose 10's of billions.
Overnight.
This is gonna hurt. I was hoping to make it to 3Q earnings for my hot stock pick... but...