BOMBSHELL: EU Holds First Ever Talks To Mitigate GREXIT

[ArmyATC]

BOMBSHELL: EU Holds First Talks To Mitigate GREXIT!

EU officials have held their first formal talks on the possibility of a Greek default, officials said on Friday, but the darkening outlook failed to fluster Prime Minister Alexis Tsipras, who holed up with his negotiators after proclaiming optimism at an open air concert.

In Athens, a government official denied that the possibility of Greece failing to honour its debt commitments had been discussed by the European Union, and said meetings with creditors would resume in Brussels on Saturday.

No one knows, least of all in Athens or Brussels, whether the anti-austerity government can reach a deal with its lenders before an end-June deadline and thereby avoid putting the country in grave danger of crashing out of the euro zone.

This is obviously now being planned for. The IMF walked out yesterday, and the Greece government is not willing to discuss concession.

A GREXIT is theorized to drag the EU then US down, followed by a derivitives world-wide default in the FOREX and Commodities Markets. This is the first-ever Formal EU plan to handle the possibility.

Note that The EU made it mandatory that all members have bail-in laws on the books by July. Why the rush?

The European Commission has ordered 11 EU countries to enact the Bank Recovery and Resolution Directive (BRRD) within two months or be hauled before the EU Court of Justice, according to a report from Reuters on Friday.

The news was not covered in other media despite the important risks and ramifications for depositors and savers throughout the EU and indeed internationally.

The article “EU regulators tell 11 countries to adopt bank bail-in rules” reported how 11 countries are under pressure from the EC and had yet “to fall in line”. The countries were Bulgaria, the Czech Republic, Lithuania, Malta, Poland, Romania, Sweden, Luxembourg, the Netherlands, France and Italy.

http://www.goldcore.com/ie/gold-blog/eu-gives-countries-two-months-to-adopt-bail-in-law/

Will the GREXIT spread as a cancer due to the inter connectivity of world markets,as I am leaning. Or does anyone think it can be contained just to Europe, which is extremely dangerous enough? Any Europeans that can give as a ground report on this?

http://www.reuters.com/article/2015/06/12/us-eurozone-greece-idUSKBN0OS0E020150612

 

[jayfeather31]

BOMBSHELL: EU Holds First Talks To Mitigate GREXIT!

EU officials have held their first formal talks on the possibility of a Greek default, officials said on Friday, but the darkening outlook failed to fluster Prime Minister Alexis Tsipras, who holed up with his negotiators after proclaiming optimism at an open air concert.

In Athens, a government official denied that the possibility of Greece failing to honour its debt commitments had been discussed by the European Union, and said meetings with creditors would resume in Brussels on Saturday.

No one knows, least of all in Athens or Brussels, whether the anti-austerity government can reach a deal with its lenders before an end-June deadline and thereby avoid putting the country in grave danger of crashing out of the euro zone.

This is obviously now being planned for. The IMF walked out yesterday, and the Greece government is not willing to discuss concession.

A GREXIT is theorized to drag the EU then US down, followed by a derivitives world-wide default in the FOREX and Commodities Markets. This is the first-ever Formal EU plan to handle the possibility.

Note that The EU made it mandatory that all members have bail-in laws on the books by July. Why the rush?

Will the GREXIT spread as a cancer due to the inter connectivity of world markets,as I am leaning. Or does anyone think it can be contained just to Europe, which is extremely dangerous enough? Any Europeans that can give as a ground report on this?

http://www.reuters.com/article/2015/06/12/us-eurozone-greece-idUSKBN0OS0E020150612

Well, this'll certainly change the balance of power in the Mediterranean if this goes through.