Dinar Updates: (Repost)
Millionday JULY 1ST -- FIRST SESSION FOR IMPORTANT LAW -- IMF MEETING ON IRAQ`S MONEY---JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING -- HUGE
Q: [Do you still think they have a date they are committed to to get this done?]
Millionday I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME -- WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK...
WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE?
....
Millionday JULY 1ST -- FIRST SESSION FOR IMPORTANT LAW -- IMF MEETING ON IRAQ`S MONEY---JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING -- HUGE
Q: [Do you still think they have a date they are committed to to get this done?]
Millionday I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME -- WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK...
WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE?
....
********************************
TNT:
OK Rocks: Jonathan Garber @BondsFx 9 minutes ago Looks like #Greece will miss June 30 payment to IMF and default after 1-month extension is rejected
Eleftheria Kourtali @EKourtali 3 minutes ago And suddenly... there IS a press conference. This is madness #Greece #Eurogroup - Lorenzo Marsili @l_marsili 3 minutes ago #eurogroup press conference about to start live here http://ift.tt/16TTS3z … #Greece
Live Extraordinary Eurogroup Meeting ... about to start... http://ift.tt/16TTS3z
Here’s How Greece Can Fix Itself No matter what transpires, Greece will have to rebuild. It may take 10 to 15 years, but the country has the resources to do the job.... http://t.co/AQ4zReRPBS
Geoff Bickerton @gbickerton398 7 minutes ago Greek democracy strikes fear in the hearts of capitalist bankers. Their threats and intimidation have failed
http://ift.tt/1GJwIsm …
***********
Imperium: Everyone should reserve their judgements about Greece until they do some research. Greece is NOT playing "Minnie-the-Moocher" here. Greece is an ancient and astute peoples who have been set up and "had". Their now saying, "that's all we can stanz... cause we can't stanz no more!"… Think a Greek version of Iceland.
RedBro: Iimperium: ME thinks you are 100% spot on... the Greeks ... just like you and I, have had enough of this cr*p and day ainz gonna take it no mo! LOL
DKenner: I agree Greece need to fight for their right just like Iceland!
GoldenSun: The Greek finance minister says he would abide by the will of the people in next Sunday’s vote: Varoufakis: ,,If the Greek people say yes, we will sign the agreement."
Already Blessed: IMPERIUM - I AGREE THAT EVERYONE NEEDS TO KNOW THE WHOLE STORY BEFORE THEY JUMP TO CONCLUSIONS.....REMEMBER THAT GREECE SIGNED AGREEMENTS IN EXCHANGE FOR THE LOANS FROM MERKEL....AND THEY DID NOT LIVE UP TO THEIR WORD AS THE OTHER COUNTRIES INVOLVED DID...ITALY ETC…. REMEMBER THAT OFTEN WHAT WE ARE READING CAN BE ENTIRELY ONE SIDED ALSO
Greatly Blessed: Already Blessed you are correct...but outside of dinarland...don't you think this Greece situation could affect the markets or maybe it's already taken that into consideration. It is my feeling, however, that something is going on with currencies in general. Zim announcement a couple weeks ago about demonitization as well as Congress passing the TPP bill. Just food for thought.
Greatly Blessed: We definitely don't know for sure if the Greece situation affects in anyway the RV....but it is surely could affect, and I say could affect somebody come Monday morning when the stock market opens up. I assume we all just don't live for the revaluation of the dinar.
Already Blessed: GREATLY BLESSED - OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME
Starchild: AB - Is there a plan to RV one Greece is know to default and exit the Euro? Is it simple know which way it will go?
Already Blessed: STARCHILD....I DON'T KNOW THE PLAN FOR RV IF GREECE DEFAULTS
TBirdd: Starchild----i think tony said they Wont let a country fail -- there is a solution... (if memory serves.. )
Starchild: It could be arranged already - Greece is a NATO country. Greece could exit the EU, joining the BRICS and shift NATO membership in exchange for BRIC funding.
Imperium: IMO the greece thing is about a shift in the balance of power in Europe. Russia would love to saddle up with Greece. Capice.
**********
[xyz] FX Brokerages Move To "Close Only" Ahead Of Monday Open
Cyprus-based retail FX broker Mayzus has today announced a rather radical move regarding the possible Forex market volatility related to the ongoing Greek debt negotiations.
The company is moving trades with all instruments to ‘Close Only’ mode from 22:30 GMT+3 on Friday (June 26, 2015) until 00:30 GMT+3 on Monday (June 29, 2015). Please, pay attention to the fact, that the move concerns all trading instruments and not only EUR pairs.
The broker asks traders to take into account this information when making their trading decisions.
Forex companies are attentively watching the developments of the Greek situation, with the possibility of Greece defaulting already forcing several companies, including Alpari, to axe leverage on EUR pairs. Earlier today FXCM Japan also said it will raise the maintenance margin on EUR pairs due to changes in market environment.
http://ift.tt/1BNRcmW
**********************************
I4U:
[xyz] Greece not ‘visitor’, does not need EU permission for referendum – PM
http://ift.tt/1Jejg2D
TNT:
OK Rocks: Jonathan Garber @BondsFx 9 minutes ago Looks like #Greece will miss June 30 payment to IMF and default after 1-month extension is rejected
Eleftheria Kourtali @EKourtali 3 minutes ago And suddenly... there IS a press conference. This is madness #Greece #Eurogroup - Lorenzo Marsili @l_marsili 3 minutes ago #eurogroup press conference about to start live here http://ift.tt/16TTS3z … #Greece
Live Extraordinary Eurogroup Meeting ... about to start... http://ift.tt/16TTS3z
Here’s How Greece Can Fix Itself No matter what transpires, Greece will have to rebuild. It may take 10 to 15 years, but the country has the resources to do the job.... http://t.co/AQ4zReRPBS
Geoff Bickerton @gbickerton398 7 minutes ago Greek democracy strikes fear in the hearts of capitalist bankers. Their threats and intimidation have failed
http://ift.tt/1GJwIsm …
***********
Imperium: Everyone should reserve their judgements about Greece until they do some research. Greece is NOT playing "Minnie-the-Moocher" here. Greece is an ancient and astute peoples who have been set up and "had". Their now saying, "that's all we can stanz... cause we can't stanz no more!"… Think a Greek version of Iceland.
RedBro: Iimperium: ME thinks you are 100% spot on... the Greeks ... just like you and I, have had enough of this cr*p and day ainz gonna take it no mo! LOL
DKenner: I agree Greece need to fight for their right just like Iceland!
GoldenSun: The Greek finance minister says he would abide by the will of the people in next Sunday’s vote: Varoufakis: ,,If the Greek people say yes, we will sign the agreement."
Already Blessed: IMPERIUM - I AGREE THAT EVERYONE NEEDS TO KNOW THE WHOLE STORY BEFORE THEY JUMP TO CONCLUSIONS.....REMEMBER THAT GREECE SIGNED AGREEMENTS IN EXCHANGE FOR THE LOANS FROM MERKEL....AND THEY DID NOT LIVE UP TO THEIR WORD AS THE OTHER COUNTRIES INVOLVED DID...ITALY ETC…. REMEMBER THAT OFTEN WHAT WE ARE READING CAN BE ENTIRELY ONE SIDED ALSO
Greatly Blessed: Already Blessed you are correct...but outside of dinarland...don't you think this Greece situation could affect the markets or maybe it's already taken that into consideration. It is my feeling, however, that something is going on with currencies in general. Zim announcement a couple weeks ago about demonitization as well as Congress passing the TPP bill. Just food for thought.
Greatly Blessed: We definitely don't know for sure if the Greece situation affects in anyway the RV....but it is surely could affect, and I say could affect somebody come Monday morning when the stock market opens up. I assume we all just don't live for the revaluation of the dinar.
Already Blessed: GREATLY BLESSED - OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME
Starchild: AB - Is there a plan to RV one Greece is know to default and exit the Euro? Is it simple know which way it will go?
Already Blessed: STARCHILD....I DON'T KNOW THE PLAN FOR RV IF GREECE DEFAULTS
TBirdd: Starchild----i think tony said they Wont let a country fail -- there is a solution... (if memory serves.. )
Starchild: It could be arranged already - Greece is a NATO country. Greece could exit the EU, joining the BRICS and shift NATO membership in exchange for BRIC funding.
Imperium: IMO the greece thing is about a shift in the balance of power in Europe. Russia would love to saddle up with Greece. Capice.
**********
[xyz] FX Brokerages Move To "Close Only" Ahead Of Monday Open
Cyprus-based retail FX broker Mayzus has today announced a rather radical move regarding the possible Forex market volatility related to the ongoing Greek debt negotiations.
The company is moving trades with all instruments to ‘Close Only’ mode from 22:30 GMT+3 on Friday (June 26, 2015) until 00:30 GMT+3 on Monday (June 29, 2015). Please, pay attention to the fact, that the move concerns all trading instruments and not only EUR pairs.
The broker asks traders to take into account this information when making their trading decisions.
Forex companies are attentively watching the developments of the Greek situation, with the possibility of Greece defaulting already forcing several companies, including Alpari, to axe leverage on EUR pairs. Earlier today FXCM Japan also said it will raise the maintenance margin on EUR pairs due to changes in market environment.
http://ift.tt/1BNRcmW
**********************************
I4U:
[xyz] Greece not ‘visitor’, does not need EU permission for referendum – PM
http://ift.tt/1Jejg2D
KTFA:
FrostyTheSnowman » June 27th, 2015,
"Banks are not opening on Monday in Greece.
The negotiations have fallen apart.
Greece cannot pay back its debt, the people will not accept cuts to their government benefits and the Europeans won't lend them any more money because they know they will not be paid back.
At 2am this am the Greeks were lined up at the arm [atm] trying to get any money out they could.
God forbid but this could change the whole world next week.
Are you prepared?"
Glenn Beck
***************
Thunderhawk » June 28th, 2015, 12:01 am .
Rift with Greece sets Europe into uncharted territory
Europe's grand project to bind its nations into an unbreakable union by means of a common currency lurched into uncharted waters after EU governments refused funding to save Greece from defaulting on its debts.
While finance ministers of the other 18 euro zone states chorused their insistence that Greece would remain inside the bloc, exasperation with the leftist government's decision to reject creditors' final offer and instead call a referendum was manifest and some officials spoke privately of expelling Athens.
"They were playing poker," said Austrian Finance Minister Hans Joerg Schelling after the Eurogroup that runs the currency met on Saturday without their Greek counterpart to discuss how to limit the fallout. "But in poker, you can always lose."
After five months of halting negotiations with a Greek government elected to end the pain of austerity measures, EU leaders left a summit in Brussels on Friday believing that a deal was close to roll over bailout funding and let Athens meet a repayment to the IMF on Tuesday and further obligations over the coming months.
But Prime Minister Alexis Tsipras provoked consternation by returning home to call a referendum for next Sunday on the offer and urging voters, weary of years of debt crises, to reject it.
"Tsipras messed up," one EU official said. "We did everything possible. They chose to blow up when we were so close to settling this in a way that would allow them to sell it."
Amid political drama in Greece, where a clear majority wants to remain inside the bloc, the next few days present a major challenge to the integrity of a 16-year-old currency bloc, which many blame for massive unemployment in countries outside Germany and its neighbors in the richer north and west of Europe.
RISK MANAGEMENT
"We must do everything we can to fight any conceivable threat of contagion," German Finance Minister Wolfgang Schaeuble said after a meeting at which the group effectively called for capital controls to ring-fence Greek banks hemorrhaging cash.
While acknowledging that only Greece - or possibly banks themselves - can instigate such a shutdown, the ministers said the European Central Bank, whose management meets on Sunday, should use its powers to stabilize markets.
"You have to count on Greece getting into acute problems in the coming days because of this decision," said Schaeuble, some of whose conservative allies have made no secret of preferring to see Greece forced out of the euro zone. "That is difficult as we do not know how it will live up to its commitments."
He and others, however, stressed their faith in stability mechanisms put in place after scepticism among investors pushed the euro zone to breaking point following a run of national bankruptcy scares in the wake of the global crash of 2008.
And, echoing his French Socialist counterpart, Michel Sapin, Schaeuble insisted after the fifth such deadlocked ministerial meeting in just over a week: "Greece remains a member of the euro zone and Greece remains part of Europe."
But few EU leaders now trust this Greek government, whose calls for debt relief and criticisms of the bailout's deadening effect on growth have been echoed by some leading economists.
When representatives of the three creditor institutions - euro zone governments, the ECB and IMF - met after Greek Finance Minister Yanis Varoufakis had left, participants quoted one senior official as joking that at least they could refer again to the lenders as the "Troika," a term Varoufakis had insisted be dropped because Greeks associated it with external diktats.
Dutch Finance Minister Jeroen Dijsselbloem, the Eurogroup chairman, repeatedly referred to the possibility that the Greek parliament might reject Tsipras's call for a referendum. But lawmakers dashed any prospect of a quick shift in Greek politics before markets open on Monday by voting for it to go ahead.
Still, Dijsselbloem insisted: "The process has not ended. It will never end probably. We will continue to work with Greece. Many things could happen, many scenarios are conceivable."
As Greeks lined up to take cash from ATMs, it remained to be seen how financial mechanisms would work. If Greece fails, as it has said it will, to repay 1.6 billion euros to the IMF on Tuesday, that default can have knock-on effects.
Some experts speculate that Greece could formally remain in the euro zone but issue its own IOUs to pay immediate bills.
The ECB must also decide whether to keep supplying liquidity to Greek banks, once the government whose debt makes up a large chunk of their assets is no longer meeting its obligations and once the bailout program formally expires on Tuesday.
POLITICAL FALLOUT
The central bank, under its president, Mario Draghi, has been reluctant to take such a highly politicized decision. At the same time, political leaders have been reluctant to override the decisions of finance ministers lest that appear to be a signal that the rules of the common currency are open to manipulation.
Donald Tusk, a former Polish prime minister who chairs meetings of the 28 EU leaders, made clear at two summits in the past week that heads of government must nonetheless take their responsibilities in a crisis that affects the Union as a whole.
Early on Sunday, he was in contact with leaders again: "Greece is and should remain euro area member," Tusk tweeted.
The Greek government's demands have alienated its euro zone partners - from Germany and its northern allies, to southern states and Ireland whose governments face critics of their own bailout terms to easterners much less prosperous than Greece.
But with Britain already planning a referendum on leaving the EU, a breach in formal institutions worries those who fear economic drift. Complaints it lacks democratic accountability threaten the EU's survival in its present form.
One official close to Saturday's Eurogroup discussions said the issue of Greece leaving the euro, or the EU, was not raised - there is no obvious legal way to force it out of either. But, the official said, a "Grexit" could not be entirely ruled out.
Leaving Brussels on what he called a "sad day for Europe," the outspoken Varoufakis warned that the rift with Athens would damage the euro zone's credibility as a "democratic union" - "And I'm very much afraid that that damage will be permanent."
http://ift.tt/1GJwIsn
FrostyTheSnowman » June 27th, 2015,
"Banks are not opening on Monday in Greece.
The negotiations have fallen apart.
Greece cannot pay back its debt, the people will not accept cuts to their government benefits and the Europeans won't lend them any more money because they know they will not be paid back.
At 2am this am the Greeks were lined up at the arm [atm] trying to get any money out they could.
God forbid but this could change the whole world next week.
Are you prepared?"
Glenn Beck
***************
Thunderhawk » June 28th, 2015, 12:01 am .
Rift with Greece sets Europe into uncharted territory
Europe's grand project to bind its nations into an unbreakable union by means of a common currency lurched into uncharted waters after EU governments refused funding to save Greece from defaulting on its debts.
While finance ministers of the other 18 euro zone states chorused their insistence that Greece would remain inside the bloc, exasperation with the leftist government's decision to reject creditors' final offer and instead call a referendum was manifest and some officials spoke privately of expelling Athens.
"They were playing poker," said Austrian Finance Minister Hans Joerg Schelling after the Eurogroup that runs the currency met on Saturday without their Greek counterpart to discuss how to limit the fallout. "But in poker, you can always lose."
After five months of halting negotiations with a Greek government elected to end the pain of austerity measures, EU leaders left a summit in Brussels on Friday believing that a deal was close to roll over bailout funding and let Athens meet a repayment to the IMF on Tuesday and further obligations over the coming months.
But Prime Minister Alexis Tsipras provoked consternation by returning home to call a referendum for next Sunday on the offer and urging voters, weary of years of debt crises, to reject it.
"Tsipras messed up," one EU official said. "We did everything possible. They chose to blow up when we were so close to settling this in a way that would allow them to sell it."
Amid political drama in Greece, where a clear majority wants to remain inside the bloc, the next few days present a major challenge to the integrity of a 16-year-old currency bloc, which many blame for massive unemployment in countries outside Germany and its neighbors in the richer north and west of Europe.
RISK MANAGEMENT
"We must do everything we can to fight any conceivable threat of contagion," German Finance Minister Wolfgang Schaeuble said after a meeting at which the group effectively called for capital controls to ring-fence Greek banks hemorrhaging cash.
While acknowledging that only Greece - or possibly banks themselves - can instigate such a shutdown, the ministers said the European Central Bank, whose management meets on Sunday, should use its powers to stabilize markets.
"You have to count on Greece getting into acute problems in the coming days because of this decision," said Schaeuble, some of whose conservative allies have made no secret of preferring to see Greece forced out of the euro zone. "That is difficult as we do not know how it will live up to its commitments."
He and others, however, stressed their faith in stability mechanisms put in place after scepticism among investors pushed the euro zone to breaking point following a run of national bankruptcy scares in the wake of the global crash of 2008.
And, echoing his French Socialist counterpart, Michel Sapin, Schaeuble insisted after the fifth such deadlocked ministerial meeting in just over a week: "Greece remains a member of the euro zone and Greece remains part of Europe."
But few EU leaders now trust this Greek government, whose calls for debt relief and criticisms of the bailout's deadening effect on growth have been echoed by some leading economists.
When representatives of the three creditor institutions - euro zone governments, the ECB and IMF - met after Greek Finance Minister Yanis Varoufakis had left, participants quoted one senior official as joking that at least they could refer again to the lenders as the "Troika," a term Varoufakis had insisted be dropped because Greeks associated it with external diktats.
Dutch Finance Minister Jeroen Dijsselbloem, the Eurogroup chairman, repeatedly referred to the possibility that the Greek parliament might reject Tsipras's call for a referendum. But lawmakers dashed any prospect of a quick shift in Greek politics before markets open on Monday by voting for it to go ahead.
Still, Dijsselbloem insisted: "The process has not ended. It will never end probably. We will continue to work with Greece. Many things could happen, many scenarios are conceivable."
As Greeks lined up to take cash from ATMs, it remained to be seen how financial mechanisms would work. If Greece fails, as it has said it will, to repay 1.6 billion euros to the IMF on Tuesday, that default can have knock-on effects.
Some experts speculate that Greece could formally remain in the euro zone but issue its own IOUs to pay immediate bills.
The ECB must also decide whether to keep supplying liquidity to Greek banks, once the government whose debt makes up a large chunk of their assets is no longer meeting its obligations and once the bailout program formally expires on Tuesday.
POLITICAL FALLOUT
The central bank, under its president, Mario Draghi, has been reluctant to take such a highly politicized decision. At the same time, political leaders have been reluctant to override the decisions of finance ministers lest that appear to be a signal that the rules of the common currency are open to manipulation.
Donald Tusk, a former Polish prime minister who chairs meetings of the 28 EU leaders, made clear at two summits in the past week that heads of government must nonetheless take their responsibilities in a crisis that affects the Union as a whole.
Early on Sunday, he was in contact with leaders again: "Greece is and should remain euro area member," Tusk tweeted.
The Greek government's demands have alienated its euro zone partners - from Germany and its northern allies, to southern states and Ireland whose governments face critics of their own bailout terms to easterners much less prosperous than Greece.
But with Britain already planning a referendum on leaving the EU, a breach in formal institutions worries those who fear economic drift. Complaints it lacks democratic accountability threaten the EU's survival in its present form.
One official close to Saturday's Eurogroup discussions said the issue of Greece leaving the euro, or the EU, was not raised - there is no obvious legal way to force it out of either. But, the official said, a "Grexit" could not be entirely ruled out.
Leaving Brussels on what he called a "sad day for Europe," the outspoken Varoufakis warned that the rift with Athens would damage the euro zone's credibility as a "democratic union" - "And I'm very much afraid that that damage will be permanent."
http://ift.tt/1GJwIsn
via Dinar Recaps - Our Blog http://ift.tt/1BNRcmZ
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