Greeks Vote Against Rescue Package from European Creditors
More than 60 percent of voting Greeks have soundly rejected conditions for a further bailout from European creditors, pushing the country closer to financial chaos. By rejecting the conditions set forth by European Central Banking authorities, the country's own central banks could run out of funds in a matter of days, forcing the government to issue a new currency within Greece to continue day to day activities. The problems that a renewed sovereign currency could create in the economy are untold, but so far Greek officials have made clear that this is not within the plans. However, if....
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Greek voters have issued a surprisingly loud and clear statement of support to Greek Prime Minister Alexis Tsipras, and defiance to European authorities and the International Monetary Fund. In the referendum celebrated Sunday, an overwhelming majority of more than 61 percent of Greeks, with an impressive 22 percent lead over the 39 percent of Greeks who voted yes, have said no to the bailout deal proposed by the country's creditors. Opinion polls before the referendum showed the difference between the Yes and No camps as too close to call, and therefore the strong majority won by Tsipras....
The Greeks have made themselves heard loud and clear: In landmark voting, the people of Greece have rejected the European austerity measures with results showing 61 percent voted 'No.' This leaves the fate of Greece in the hands of its creditors, who now have to take a decision on whether to keep Greece in Eurozone or not. Bitcoin continued to gain over the weekend on expectations that Greece would say 'No.' From our last observation at $256.14, Bitcoin jumped over 7% to hit a high of $274.74, a new 3-month high. A technical look at the 240-minute BTC-USD price chart conveys that Bitcoin....
So, the Greeks have comprehensively rejected the imposition of austerity measures proposed by the troika of its creditors in lieu of the bailout funds. The outcome of the referendum held yesterday has also heightened the probability of a Grexit. Ever since it became clear in early May that the Greek government and the troika of European Central Bank, IMF, and the European Union will be at loggerheads over the terms and conditions of the future bailout packages, the cryptocurrencies including Bitcoin, Litecoin and Dogecoin have performed stupendously well, with returns varying from 20% to....
On Saturday, politicians in the U.S. approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.” The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400. Moreover, households will get an additional $1,400 for every dependent child claimed. Despite the direct cash payments, Biden’s American Rescue Plan is also filled with pork-barrel items that have nothing to do with coronavirus relief. The So-Called ‘American Rescue Plan’ Americans are expecting a third stimulus check....
Amid the Celsius bankruptcy plan in which creditors are to decide the next step, creditors of the crypto lender have voted in favor of a reimbursement plan – a vote that involves the sale of Celsius assets to a consortium. Creditors Decide Next Steps For The Crypto Firm On Monday, September 25, 2023, creditors of […]