Menu Close

Tag: Barack Obama

Is This Obama’s “Waterloo”? Shah Gilani – Money Morning

You’re reading it right now.

I’m calling it WII (WHY?), which stands for Washington Insights & Indictments.

Enjoy it.

It’s likely to be a single issue.

While calling out crooks and criminals on Wall Street is dangerous enough, calling out criminal behavior by the highest powers in the United States will get me: 1) audited by the IRS; 2) phone-tapped by the Justice Department; and 3) a trip to Guantanamo (if I don’t get “droned”), because obviously anybody questioning the powers-that-be is a threat to national security.

Eurozone Debt Crisis: What to Expect if Greece Dumps the Euro

The only certain thing if Greece leaves the Eurozone is the uncertainty that will certainly follow.

Unable to form a coalition government during May elections, Greece has been forced to hold a second vote on June 17.

In the balance is the future of the Eurozone itself as a “Grexit” looms large.

So much is riding on the outcome that U.S. President Barack Obama and other leaders of the G-8 have conveyed their optimism that Greece will remain in the Eurozone when they convened for a summit on Saturday aimed at keeping Europe’s economic woes from stretching around the globe.

“All of us are absolutely committed to making sure that growth and stability and social consolidation are part of an overall package,” President Obama said.

But many other principals and economic experts are not as committed and believe a Greek exit would be the best move in the long run.

The question is what impact its departure will have beyond its own ailing borders if Greece renounces its debt and leaves the Eurozone.

To continue reading please click here…

RSS
Follow by Email
LinkedIn
Share