Should Greece leave the Eurozone and fail to pay its debts, it could trigger the downfall of Deutsche Bank and a crisis worse than that of 2008 – and it is more likely to happen than not, Max Keiser has told RT.
The possibility of reaching an agreement with Greece still remains, the European Commission President Jean-Claude Juncker has said. “There is very little time left, we are talking about minutes and seconds,” he added.
MPs, trade unionists, economists and campaigners have called upon David Cameron to support debt cancellation for Greece, saying it could be funded by seizing capital from speculators and banks that were the true beneficiaries of Athens’ bailouts.
Though there is a lot of noise concerning the Greek crisis and the Greek economy is likely going to collapse this week, three months from now no one will remember Greece going bankrupt, financial commentator Jim Rogers told RT.
The Greek government has announced that banks will remain closed on Monday and restrictions on withdrawals will be introduced following the ECB refusal to provide additional Emergency Liquidity Assistance to Greece’s banking system.
As an equal member of the EU, Greece does not need to ask permissions from anyone to let the Greek people speak and have their voices heard, PM Tsipras told his parliament, promising that the state’s sovereignty and future will be decided via referendum.
There is a schizophrenic situation in the EU which once created the conditions for more immigration from Africa, but now every EU country wants to stop immigrant inflow, says Pierre Guerlain, a Professor of political science at Paris West University.