Monday, June 22, 2015

Global markets rally on Greek optimism

Last minute deals that support the status quo rather than change - the implementatioin meaningful structural reforms (restructuring and unification of debt, elimination of austerity, reduction of taxes, restoration of democracy, etc) throughout the euro keep Greece on the path of (Gr)exit.

Rising discontent across Europe and safe haven capital flows defined in markets (not by politicians) tell us that forcing Greece as well as higher profile members too big to fail to stay will not work. The longer this message is ignore, the more likely the status quo must crash and burn to drive change.

Headline: Global markets rally on Greek optimism

By Jamie McGeever

LONDON (Reuters) - Global stocks, the euro and peripheral euro zone bonds all rose on Monday, lifted by a wave of optimism that Greece and its international creditors will strike a last-minute deal that will see Athens avert default.

Greek Prime Minister Alexis Tsipras will meet the heads of the European Commission, European Central Bank and International Monetary Fund on Monday ahead of a summit of euro zone leaders later in the day aimed at reaching a deal over debt talks



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