Tuesday, June 30, 2015

Mr Junker, in the hanged man's house you don' talk about the rope...


The Guardian - Michael Hewson, chief market analyst at CMC MARKETS UK:
"In a sign that battle lines continue to be drawn EU leaders have turned Sunday’s proposed referendum into an in/out vote on Greece’s position in the euro, when it is clearly about the creditors proposal, but given that polls appear to suggest a majority of the Greek population would prefer to stay in the euro, it suits the narrative of the EU to peddle that particular line.


In fact EU Commission President Juncker strayed a little too far into the realms of bad taste yesterday, urging the Greek population not to commit suicide by voting No, which in a country that has seen suicides soar as a result of EU policies, was crassly insensitive, and could well turn out to be a massive own goal, if the vote is indecisive. Maybe that explains last night’s late move to make a fresh attempt at trying to reach a deal by the EU Commission President, but in any event the deal was rebuffed by the Greek PM, with the only concession appearing to be on VAT FOR HOTELS being held down at 13%, instead of raised to 23%."

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