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[Guardian G.I.]

fuck keynes merkel knows better how to economy

[FearfulJesuit]

Considering opening a forex account and gambling $500 on the Euro crashing this evening...

[Loud Whispers]

Or make a last-second deal. I have a hunch that the institutions will be less inclined to be lenient this time around, however.

Post source mang

zeit.de live blog about the crisis. It's German, so I didn't link it.

Translators exist POST IT

[Helgoland]

In here somewhere. It contains a couple  other interesting bits, in particular Tsipras all but admitting that he pokered on the institutions caving in because they're afraid to see Greece leave the Euro. He didn't expect them to call his bluff, I guess.
(It might have been the blog from the day before, but there's a link in this one to that one.)

By the way, it's been confirmed: Greece won't pay the IMF, according to the thing linked above. We live in interesting times...

[mainiac]

Greece won't pay the IMF, according to the thing linked above. We live in interesting times...

Greece will probably pay them back eventually, they'll just fall into arrears formally.

[MarcAFK]

In case anyone hasn't heard yet, aparrently the Greek thing is bad, and triggered a minor crash of tge australuan share market when it opened on Monday. Only 30 billion dollars of value was lost, no biggie.

[smjjames]

The stock market here in the US took a hit as well.

[Descan]

Interesting.

If Canada escapes unscathed (Why not, we're Canadian and therefore awesome!) I might be able to move to Germany for cheaper~

[smjjames]

I'm sure the Canadian stock market got affected as well, global economy and all that.

[MarcAFK]

The 2-3% average drop in share markets recently is worth about 2 trillion dollars....
Not that the value of the stock market is actual real money anyway

[mainiac]

Not that the value of the stock market is actual real money anyway

Call it as fake as you want, it affects employment and investment.

[MarcAFK]

It's kind of funny how a 200 billion dollar debt can totally fuck a countries economy, yet cause a 2 trillion dollar "value adjustment" to global finances, which will almost certainly vanish within a few weeks as if nothing had happened.

[mainiac]

Well 2 trillion is a bit more then generally vanishes but yeah hundreds of billions can pass fairly quietly like in the dot com collapse.

[Helgoland]

In case anyone hasn't heard yet, aparrently the Greek thing is bad

Spoiler (click to show/hide)

[Sergarr]

I'm currently waiting until they FINALLY declare the actual, honest-to-God default with no quirks or "special exceptions" or some other shit like this. I've got Ron Paul gif on the ready and everything.