It,s both china and now the new uncertainty in greece.Remember the last referendum was a no to austerity, T has stepped down, and now we have the Popular Unity party who are pushing "realistic, alternative to the memorandum," The reality is, Grexit is now back on the table. Lafazanis declares new party's goals to cancel bailout, write down debt, exit would be "orderly.". This new movement will gain traction. this is also a perfect excuse to find parity. I called this a "sh$t storm" yesterday and it is shaping up to be one. T wossied out IMO, he could have made the right decision for his country and implemented the legislation, secured a positive EU review and Re-capped the banks.then call snap elections. This is just inflicting more pain on the people and further weakening a desperate financial sector. No taxes will be collected or bank loans serviced during the campaign period. essentially the entire country is at a stand still with a big unknown looming ahead. no wonder confidence is low, and investors are hitting the exits. IMO all this could have been avoided if Alexis Did his job.
my rant for the day LOL
$$ NBG $$
