hipeter924
Not a zombie yet
- May 5, 2009
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http://www.nytimes.com/2015/06/30/business/international/daily-stock-market-activity.html
Though the terms are too extreme for its government to accept aka they are being forced to privatize everything and raise taxes with an ideological gun to their head: European Commission - PRESS RELEASES - Press release - Information from the European Commission on the latest draft proposals in the context of negotiations with Greece
Looks like Greece is going to default.PARIS — Global markets shuddered on Monday after Greece closed its banks amid fears that the country was headed toward default.
Stocks slumped modestly on Wall Street, after markets in Europe were buffeted by worries that the Greek debt crisis would prove contagious and Chinese investors endured another topsy-turvy session.
By early afternoon in New York, the Dow Jones industrial average was down 1.1 percent, the Standard & Poor’s 500 was down 1.4 percent, and the Nasdaq average had fallen 1.2 percent.
The Euro Stoxx 50 index, comprising the eurozone’s big blue chip companies, closed 4.2 percent lower, after being down about 5 percent at the opening. The FTSE 100 index in London fell 2 percent.
In Greece, banks and markets will be closed for the week, after Prime Minister Alexis Tsipras interrupted last-ditch debt negotiations early Saturday with the announcement that he was calling a referendum for July 5 on whether to accept the tough terms offered by international creditors.
Though the terms are too extreme for its government to accept aka they are being forced to privatize everything and raise taxes with an ideological gun to their head: European Commission - PRESS RELEASES - Press release - Information from the European Commission on the latest draft proposals in the context of negotiations with Greece