Repayment deadline for Greece of the IMF is approaching, President Obama of the United States signed the TPA (the President Trade Promotion Authority), Shanghai stock will not go to the decline while repeating the usual volatility.
"Shanghai Composite Index, about two and a half months the first time since one o'clock 4000 cracking April 10
http://www.nikkei.com/article/DGXLASFL29HKC_Z20C15A6000000/
Shanghai stock market of the 29th afternoon, we have expanded the width Shanghai Composite Index is down. Temporary and with a 3944.703 before weekend ratio 248.170 points (5.92 percent) depreciation, was below the 4000 psychological milestone in since April 10 the first time in about two and a half months as during the trading hours. Shanghai Composite Index has fallen also nearly 20% in two weeks up to last week, it has continued to sell to wary of the future of the market. (Koryaku) "
The But decline the first time also intense, with more than that terrible is Boratariti (rate of change), recent Shanghai lowering the Don~tsu, raise the ribbit, we repeated that the that end up lowering If you feel you have recovered a plus. After reaching the 6000 point in the instantaneous wind speed in October 2007, also during the collapse of the interrupting Shanghai strain 2000 points after one year, Boratariti was there a flashy do.
Well, Greek Chipurasu Prime Minister, yesterday, appeared on local television, for the debt of 1.5 billion euros for the IMF,
"Do banks say pay doing what to in the suffocation state"
And, I have stated. De facto, I there a debt default declaration.
Currently, Greek banks had stopped ELA (emergency liquidity assistance) from the ECB, cash is becoming depleted. Already, the Greek people of euros (cash) ensure the movement has begun, Chipurasu regime announced the bank holidays of June 29 to July 6.
By the way, Lagarde Managing Director of the IMF, already when there is no repayment in today, announced that it does not add support to Greece. In other words, it is a story that without any refinancing.
In addition, Greece's government bonds 3.5 billion euros worth of ECB is held on July 20 redemption (repayment) are also ahead, of course, not a promise of repayment this time.
Already, the focus has moved to the referendum of July 5. Yunker chairman of the European Commission, so that it does not rejected reform proposals in the referendum (the austerity of the EU proposal), has appealed to the Greek people.
"" Jesus in Greece referendum ", European Commission length reform proposals support appeal
http://jp.reuters.com/article/topNews/idJPKCN0P91DN20150629
Yunker chairman of the European Commission on the 29th, if July is scheduled for five days to have in the referendum of the Greek reform plan is rejected, as will be directed back to the European Union (EU), the Greek national They were urged to support the reform proposals.
Chairman in unusual emergency conference "If Tsukitsukere the" no "to the reform plan that Greece is being questioned in the referendum, and I want to put the euro area and the distance from Europe and the whole world is thinking" and pointed out. And said, "should not be suicide because they are afraid of you want. Death conveyed to sincerely love the Greek people. I should cast a" yes "in the referendum." (Snip)
Socially fair proposal than the Greek government and the European Commission went, with the euro area 18 countries to the other, is such a way as to the playoffs by brandishing a democracy, is not the attitude to take Greece, and criticism It did.
Proposal of creditors is to break the corruption and vested interests of the wealthy, with those that boost the fair of society emphasized that "the austerity measures is not a stupid content". The cited Ireland accepted the debt reduction plan that painful, Portugal, Spain as an example, the Greek government was also called for is coming when "is responsible for their own responsibility." "
Huh?
Greece consumption tax hike (reduced tax rate abolition of value-added tax) and pension reductions of, why "is to break the corruption and vested interests of the wealthy, to boost the fair of society" we wonder whether. First of all, what person of the "creditors" is to probably wealthy, 26% unemployment rate in deflation, against Greece that nominal GDP has already been reduced to 75% of the peak, the deflation policy of tax increases and spending cuts impose, this is clearly widening gap policy.
The deflation works in the direction of the widening gap is, you should be able to understand if the Japanese people. Further, the tax increase a strong value-added tax of reverse progressivity, to reduce the disposable income of pensioners.
Now, why "it is to break the corruption and vested interests of the wealthy, to boost the fair of society" Will you become. Or rather, the "corruption of the wealthy" Yara "vested interests", what's pointing to what specifically.
In short, for the time being,
"Wealthy break! Vested interests break!"
Slogan is, sound to the public in any country, will the story that particularly would grab the public's mind that ressentiment is accumulated in the income decrease. Alternatively, the establishment of our European, if shout as "wealthy break! Vested interests break!", I think the story is that it is considered to obtain the public's approval (do not know the truth).
You do not need to say, but even if the European establishment who are including Yunker chairman, there are wealthy to hold some kind of vested rights. (Or rather, it does not exist people who do not possess a vested interest)
In addition, Yunker chairman, for austerity plan by the EU presented,
"There is no cut in the pension. The goal of the budget surplus is also low, it is not a stupid austerity measures. It is a fair plan."
And, and we once again have a remark that becomes "For example ...?".
Final proposal from the EU to Greece,
(1) reduced by one percent in the pension expenditure to GDP ratio
To reduce the civil service salary for (2) spending cuts
(3) it will tax increase value-added tax, such as electricity charges
That, it was perfect austerity, including a pension cut.
Clearly, Yunker chairman but is not marked with a "lie", Greek Euro withdrawal, it scared the possibility of Euro-globalism collapse, that they will do has become a kind of confusion state, I would worry in earnest You.
Even so, at the time of "referendum",
"Okay I lie in"
"Vested interests break! And the like, I inflame in the slogan"
If you become, recently, somewhere in such Although sight is why would think to as we have seen, the current Japanese problem, you can see it is a worldwide problem that the "idea" of globalism on the base.
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