Mrs Merkel and Alexis Tsipras had been due to sit side-by-side at the dinner in Lativia tonight, ahead of a summit of EU leaders. However, amid growing tensions over Greece's plunge into bankruptcy, party party planners have hastily rearranged the seating plan, an EU official confirmed to the Financial Times.
Rumor has it Mr. Tsipras seat was replaced with Putin, so he could share some quiet time with Merkel talking about vicious dogs.
Ahhh, Time for Putin to go on the attack since clearly the Ukrainian army crossed over the Russian boarder. came within miles of Moscow, kidnapped two Russian Special Forces soldiers and then sneaked back into Ukraine under the cover of darkness. Putin is very upset now since the Ukrainians army invaded his mother land to kidnap two innocent special force soldiers" and then use it as propaganda against his beloved country. The Russian people won't stand for this slap on the face to have soldiers doing nothing in Russia but drinking vodka and then have them hog tied, thrown in a Ukraine military vehicle and then dragged back into Ukraine. I mean the Russian don't want anything to do with Eastern Ukraine, nor Crimea nor the rest of the country so why would they have special forces inside Ukraine. Its all a mystery to Putin, since he wouldn't start a fight with anyone, especially a neighbor country that gave up its nuclear missiles in exchange for long last freedom from Russian aggression.
Yep - Russia new motto - Make Love Not War".
Nope! Greek default T-15 days.
which means something "good" is going to happen in the very near future. You don't see this kind of buying unless someone or some big company is making "take over plans" in the background.
The International Monetary Fund (IMF) is backing away from a potential third Greek bailout package, according to Spanish newspaper El Mundo. Greece as we know it is now "History".
How many people has Putin killed or put in Jail who stood up to him. Thousands that we know of and probably ten of thousands we don't know about. KGB does not play by the rules and even if you cross Putin he will find you overseas and kill you. Case in Point - poisoned tipped umbrellas that Putin loves to order to kill ex-Russians in England. KGB = Nazis = World Domination by Nuke or other means. Idiots.
knowing there is no deal on the table to stop a Greece Default. Could today be the turning point for a market that is over bought, overly bloated and ready for a massive correction? We will find out soon enough.
As the Fed and Congress "Sleep On".
In 2035, the debt will almost equal the size of the U.S. economy; four years later it will match the previous record, set in 1946, at 106 percent of gross domestic product, the CBO estimated last year. Compare that to the 2014 debt burden of $12.8 trillion, or 74 percent of GDP.
Without more bailout loans, Greece won't be able to pay pensions and state salaries at the end of the month, as well as more debt obligations in July and August. Sure looks like the Greek Piggy Bank is broken and bare bone empty.
Greece is trying to play Russian Roulette knowing the gun to its head has 5 bullets in six chambers. Varoufakis is saying - "You don't bail us out with Free Euros - We default and take you down with us". Its crazy stuff but that exactly what Greece government is doing. Some would say its a Bluff but I'm saying Greece has nothing to lose if they leave the Euro but more importantly does Germany have the guts to let them leave and say "Good Riddance"? Volatility spikes next week as Greece says "Lets Rumble".
as in who gives a rat's behind about bogus China back reserve cut when Chinese government lies year after year about their failing economy. Add to that Greece Default news peaking next week and you know a "mother" of another stock sell off is coming to a theater near you. Dow down 200 points by noon tomorrow. OUCH
Greek government and its lenders remain very far apart. Many European and I.M.F. officials are now openly complaining that Mr. Varoufakis is expending too much energy as a celebrity economist — he was a top draw at a panel discussion here last week at the Brookings Institution, the liberal organization — than on coming up with a viable plan to satisfy creditors. In particular, Europe and the I.M.F. are furious that Greece has still not changed its generous pension system. Mr. Varoufakis has even gone in the opposite direction by increasing pension payments to lower-income workers. “We still do not have a comprehensive, detailed plan,” one of Greece’s senior-most creditors said here last week. “Plus, the numbers just don’t add up.” The official spoke on the condition of anonymity.
Blah, blah, blah, yet just four, five years ago Uvxy had days when it jumped 20%, 25%, 30% on big market sell offs. Now it barely moves a few pennies higher on big market sell offs yet continues to fall 10%, 15%, 20% on average "green" days. Everyone knows Tvix and Uvxy are a scam but its hard to forget the old days - when it was a Brand New Scam.
this year, when Russia invades 1/3 of Europe. Now that's something Greece needs to think about since they might be the only country left standing if Putin goes nuke crazy later this year.
What goes down must come up especially with Iranian talks now in the dumpster while Saudi gets ready to invade Yemen. Oil set to jump higher on Major Volatility in Middle East.
and we all know Russia certainly does not want Iran pumping more oil. Look for the "black stuff" to keep rising as we enter peak driving season and increasing turmoil in the Middle East. Oil heading back over $60 next month.
and just think what happens to oil if Iran takes out a few of Saudi's oil fields??? Over 200 a barrel and climbing.
unless the rest of Europe bails out Greece, again and again and again with lot of free Euros. This time though its different and next week Greece gets shown the door for submitting a phony reform list that does absolutely nothing other then infuriate the Troika. Watch world markets "DIVE" come Monday morning since the Greeks have made their own bed - and unfortunately for them that bed is on "FIRE".