Sunday, July 5, 2015

"Early trading on Asian markets indicated investors were alarmed, as stock indexes fell."

Greece enters uncharted territory after referendum 'no' vote
China Moves to Stabilize Stock Markets; Initial Offerings Halted
Sugar, flour, rice: panicked Greeks stock up on essentials
Greeks were hoarding cash and food Saturday amid mounting fears the economy could collapse, cracking open their wallets only to stock up on essentials and stripping supermarket shelves in the process. Mothers, elderly men and university students were spotted pushing heavily overloaded trolleys or coming out of shops weighed down by bags of food, with essentials such as sugar, flour and pasta top of the list.
Quartet of crises threatens Europe's core
Four great crises around Europe's fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades. The EU's unity, solidarity and international standing are at risk from Greece's debt, Russia's role in Ukraine, Britain's attempt to change its relationship with the bloc, and Mediterranean migration. Failure to cope adequately with any one of these would worsen the others, amplifying the perils confronting "Project Europe".


MamaLiberty said...

Unfortunately, none of the options presented to the people involved stopping the theft or the borrowing of stolen goods to prop up their spendthrift governments.

Individual liberty, personal responsibility and voluntary association were not on the ballot... And what they will have to live with is the "unintended consequences" of their political choices in the past. Hopefully, they - and people all over the world - will make better choices in the future.

But I won't hold my breath.

Anonymous said...

'Sigh' ... and will they expect broke America to bail them out again as it did twice in the 20th Century?
[rhetorical question!]