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More: China Denies its GDP is Inflated; Chinese Stocks Resume Plunge With 3% Slide; Business Outlook Index Drops to Record…
“They crucified Tsipras in there,†a senior eurozone official who had attended the summit remarked. “Crucified.†Demolition of Eurozone Project With crucifixion of Tsipras, and more importantly of the Greek people, Wolfgang Münchau accurately assesses the developments this way: Greece’s Brutal Creditors Have Demolished the Eurozone Project . A few things that many of us took for granted, and that some of us believed in, ended in a single weekend.
Follow this link: Breathtaking Political Capitulation; Tsipras Should Resign; Tsipras Trades Royal Flush for Draw at Inside Straight
The word of the day is "uncertain". It appears a number of times (in various forms) in Fed Chair Janet Yellen’s speech on Recent Developments and the Outlook for the Economy at the City Club of Cleveland, Cleveland, Ohio.
There was no agreement on Saturday or so far today.
Read More: "Bold Proposal" to Screw European Taxpayers Again
But we do have this headline Tsipras Seeks to Rush Austerity Package Through Greek Parliament . The Greek government is preparing to rush a package of economic reforms and austerity measures through parliament as early as Friday in a bid to convince its eurozone creditors it is committed to striking a deal for a third bailout that would save it from crashing out of the euro.
The Wall Street Journal provides a case in point with IMF: U.S. Economy at Risk of Stalling Next Year if Fed Raises Rates Prematurely . " The Federal Reserve risks stalling the U.S
The Guardian reports Greece Requests 3-Year Bailout and Promises Reforms Within Days . Greece has submitted an application for a third bailout programme, in an attempt to avoid crashing out of the eurozone. The finance minister, Euclid Tsakalotos, marked his third day in office by requesting a three-year aid plan from Europe’s permanent bailout fund, the ESM
Green Car Reports linked to a Forbes article in which Five Top VCs Predict The Future . The CEOs were Jenny Lee of GGV Capital, Steve Jurvetson of Draper Fisher Jurvetson, Rebecca Lynn of Canvas Venture Fund, Bill Gurley of Benchmark Partners and Shervin Pishevar of Sherpa Ventures.