Greek Drachma Makes Mysterious Appearance In Hotel Bill
• http://www.zerohedge.com, by Tyler DurdenIn the wake of Sunday's dramatic referendum, there's been no shortage of redenomination chatter and drachma dreaming.
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In the wake of Sunday's dramatic referendum, there's been no shortage of redenomination chatter and drachma dreaming.
A few hours ago, a Greek minister for administrative reform, George Katrougalos, told a radio station in Athens that reopening the banks "probably is not technically possible this week."
StormCloudsGathering: Greece
After dozens of separate interventions, manipulations, and central-planning machinations over the past three weeks, China resorted to threats overnight when it called for the arrest of "hostile short sellers." The reason they went full Orwell, this i
The entire world is watching China's stock-market collapse, but it's important to keep it within the context of the greater Chinese economy.
Since the Shanghai Composite index dropped from a 52-week high around 5,178 on June 12, it's been downhill all the way.
A few hours ago, a Greek minister for administrative reform, George Katrougalos, told a radio station in Athens that reopening the banks "probably is not technically possible this week."
It's CHINA that's facing financial meltdown and the biggest stock market crash since the Great Depression
A little over two decades ago, the elites of Europe met in Maastricht, the Netherlands, to realize a long-held dream. It was to create a common currency that could be used throughout Europe, and possibly, the world.
We have explained on a number of occasions how the Federal Reserves' agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts ("naked shorts") on the Comex (gold futures market) in order to drive down an otherwise
In Greece's referendum, youth turned out even more strongly against Brussels' bailout plan than the rest of their countrymen. Why?
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Greece defaults. The Dow plummets 350 points in one day. Ugly, ominous DEBT builds up like a giant snow cliff hanging over the economic valleys of the West.
Stay tuned for analysis on Greece, where European leaders have given the debt-stricken country a deadline of five days to achieve a reforms-for-aid deal.
Rocketing housing costs in Britain's capital have fuelled a surge in Londoners seeking cheaper accommodation on boats, with increased numbers putting pressure on the city's historic network of rivers and canals.
Last week the Greek government imposed capital controls to prevent cash from escaping from the Greek banking system, which is on the brink of collapse.
Another "Final" Chance; Majority Believe Grexit
It looks like we aren't going to have to wait much longer to see if Greece remains part of the eurozone or not.
Pope Francis' revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the Saint from whom the Pope took his
Creditor powers ready plans to deal with humanitarian crisis and a banking collapse in Greece as agreement remains perilously out of reach
China looks like it is heading for its version of the 1929 stock market crash
U.S.-traded Chinese stocks plunged the most in four years as the rout that's wiped $3.2 trillion from the value of mainland equities spreads.
History, wrote John W. Campbell Jr., doesn't always repeat itself. Sometimes it just screams, "Why don't you listen to me?" and lets fly with a big stick.
While all eyes were on Greece this weekend, one of the largest banks in Lithuania quietly posted an awkward announcement to its customers.
On Sunday, Greeks made it clear that they reject austerity.
Janus Fund's Bill Gross phoned in to chat with Bloomberg Television about the Greek-Eurozone crisis today-- and the legendary bond investor said the global financial situation is not as calm as markets suggest.
GREEK cities were filled Sunday night with cheering supporters of the victorious Oxi ("No") camp in the referendum on the bail-out terms demanded by the country's European creditors. Many believed they had launched an anti-austerity revolution that w
As cash becomes more scarce and supermarket shelves empty, Greek people increasingly fear the onset of a siege mentality
While the folks clogging the US tattoo parlors may not have noticed, things are beginning to look a little World War one-ish out there.
Earlier today we reported that as Bloomberg correctly leaked, the ECB would keep its ELA frozen for Greek banks at its ?89 billion ceiling level last increased two weeks ago.