Clashes with police erupted as thousands gathered outside the Greek parliament in Athens to protest controversial new austerity measures. MPs in Greece voted in favor of new measures, which will include pension cuts and tax hikes as well as new taxes on internet and TV.
Submitted by Mish Shedlock of MishTalk
Greece Shut Down By Protests And Strikes Over Pensions; Emergency Eurogroup Meeting Monday
In protest of still more pension cuts, Greek unions started a 3-day strike on Friday that has shut down much of the country.
The Greek parliament holds a pension reform vote on Monday. The vote is expected to pass but perhaps barely. Syriza has a slim three seat majority in the 300-seat Greek parliament.
Submitted by Mish Shedlock of MishTalk
Showdown! In Leaked Letter IMF Tells Germany “Debt Relief For Greece Or IMF Drops Out”
It’s showdown time.
The IMF has threatened it will pull out of the Greek bailout program unless Greece gets debt relief.
German Chancellor Angela Merkel, Austria, Finland, and the other Eurozone creditors will not like today’s development one bit.
Showdown!
Please consider IMF Tells Eurozone to Start Greek Debt Talks.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
I simply cannot stress enough how important Greece is to freedom, liberty and civilization across the globe. Greece is not a one-off, or merely a small nation in big trouble that holds little relevance for the rest of us. Greece is everything.
When JPM quant Marko Kolanovic released his latest report today, we were expecting him to read his latest insight on the positioning of quant funds, on the relative imbalance of risk parity, or perhaps whether market gamma was suggesting that the market is poised for an inflection point, either lower or higher.