Half of French citizens believe that Greece should leave the Euro zone. Germany and France still want the money paid that Greece owes. Greece restricts access to safety deposit boxes. Greek banks might not open this week. US mint suspends silver eagles due to shortages. Bank prepare shutdown plans in case of a banking crisis. Supreme court justices rule on cases when they have stock in the company. Obamacare premiums increasing 20-30%, not so affordable. US places Georgia’s former President as governor of Odessa, Ukraine and will pay his salary. Obama slips up and says “with the additional steps I ordered last month, we’re speeding up training of ISIL forces.”. President Obama orders Assad to step down or else war will continue in Syria. The only way to stop the terror in Syria is for the US to take control of the country.
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Current News – 07.07.2015
Economy
Half of French citizens want Greece out of the eurozone
- The 50% score was up about from the 39% who said they backed ‘Grexit’ in a similar survey a month ago,
Source: thetoc.gr
Germany & France Still Demand Repayment
- German Chancellor Angela Merkel and her French counterpart Francois Hollande have called on Greece to make “serious” proposals. There is no such thing as debt forgiveness, as the German’s received in 1953.
Source: armstrongeconomics.com
Greece Shuts Down Access to Safe Deposit Boxes
- deputy Minister of Finance Mrs Olga Valavani said safe deposit boxes will be reserved! Bank officials denied this statement. However, there is a lot of confusion and panic since a lot of people (who unfortunately did not read your blog) have put their cash or coins in the safe deposits.
New Greek FinMin Arrives In Belgium “Empty-Handed”, Will Submit New Proposal “Maybe” On Wednesday
- a “new” Greek proposal moments ago we learned that the Greek delegation arrived at a meeting of finance ministers without a fresh proposal to secure its place in the eurozone.
Source: zerohedge.com
Beware Greeks Bearing Nothing: Eurogroup Ends, Dijsselbloem Statement To Follow
- the Greeks came bearing nothing and today’s “final, final, final” “last chance for a deal” conference ended just after 2 hours in.
Source: zerohedge.com
The Three Greek “Scenarios” Discussed Today In Brussels
- Here are the three scenarios
- First scenario: A new program requiring very major structural reforms of the Greek side, and much larger than the last Juncker proposal.
- Second scenario: Introduction of parallel currency, primarily through promissory IOU.
- Third scenario: Controlled bankruptcy and leaving the euro
Source: zerohedge.com
- Global rating agency Standard & Poor’s believes there is a greater than 50/50 chance of
