​Greece gets a lifeline and Heinberg on OPEC

Well, more funds will pump into Greece’s banks! The European Central Bank has agreed to extend a lifeline to Athens in the hope of preventing a full-blown financial emergency in the country. The decision came out of a hastily convened ECB teleconference on Friday after a complete breakdown of talks just the day before, between the Eurozone’s finance ministers. Boom Bust’s Ameera David weighs in.

Then, Erin Ade takes a look at the former CEO of AIG, who filed a lawsuit against the US, arguing that the government had acted improperly when bailing the corporation out in 2008. And he won!

After the break, RT’s Lizzie Phelan breaks down a new study that shows the EU could lose billions of euros in export revenues and economic development resulting from sanctions imposed on Russia.

Afterwards, Edward Harrison sits down with Richard Heinberg, senior fellow at the Post Carbon Institute and author of “Afterburn: Society Beyond Fossil Fuels.” Richard gives us his take on Petrobras and OPEC’s targeted output.

And in The Big Deal, Ameera and Bianca Facchinei discuss the evolution of service-oriented mobile apps and their effect on the economy.

Take a look!

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