keep those emergency meetings coming....this should boost the markets, they will give some positive talk about how they will be given another couple of hundred billion euros, maybe this time they give them 300 billion Euros.....2 bailouts so far and nothing has worked, bailouts never work....keep giving them money, yep that will solve it, this has been going on for 5 years, the same thing over and over and over again, remember what I have said, there is no such thing as failure in this new economy, everything you ever learned about economics just throw it out, it doesn't exist any more when you have central banks controlling the system..... http://www.cnbc.com/id/102758264 Greece's Prime Minister Alexis Tsipras is to hold an emergency government meeting at midday London time to discuss the failure of the latest round of discussions with its creditors to help stop the country tumbling into bankruptcy. Tsipras will meet with Deputy Prime Minister Yannis Dragasakis, State Minister Nikos Pappas and Alternative Foreign Minister for International Economic Relations Euclid Tsakalotos in the wake of the breakdown of negotiations in Brussels at the weekend, a government spokesman confirmed. On Monday, European stocks fell as talks between Greece and creditors fell apart over the weekend. Talks between Greece and its creditors over the weekend yet again failed to resolve the impasse over reforms, with European officials blaming Greece for failing to offer concessions in return for a final tranche of desperately-needed financial aid. Former Greek Prime Minister, George Papandreou, who led the country from 2009- 2011 and oversaw Greece's first request for an international bailout in 2010, told CNBC that the situation was a mess. "It seems again very close to the brink of a disaster and it will be a real sin (if talks fail)," he told CNBC Friday. The Greek people had sacrificed a lot over the last five years and battled high unemployment, he said, in order to "remain in the euro and at some point be able to access the markets and then get on a path of growth." Read MoreGreek talks incrisis after IMF leaves table "So I think we really need out of both sides to climb down from their high horses and really work on a compromise, on an honorable compromise, to find a solution and move forward in a sustainable way," Papandreou added. Greece received its first international bailout -- worth 110 billion euros -- in 2010, but the aid was accompanied by unpopular austerity measures. As his popularity plummeted, Papandreou called for a referendum on the terms of the bailout deal but the vote did not come about. Political turmoil ensued and he resigned in 2011. Kostas Tsironis | Bloomberg | Getty Images :Graffiti covers the shopping windows of closed shops, as a pedestrian walks past, in Athens, Greece. In the meantime, Greece has received a second bailout (taking its aid to a total of 240 billion euros) which has caused seen its current leaders collide with the country's lenders over reforms. Current Greek Prime Minister, Alexis Tsipras, who leads the leftwing Syriza party, has rejected the austerity measures demanded by the bodies overseeing the country's bailout programs -- the European Commission, International Monetary Fund and European Central Bank – leading to the current impasse. Papandreou said that now, both sides needed to show more flexibility. "We should be able to have…the creditors' side say: 'OK, you've done your fiscal consolidation, so we're not going to ask for more cuts'… But on the other hand, (the Greek government) has to say: 'We are ready to continue deep reforms to make Greece sustainable'," he said. Without more aid, Greece could default on its debt obligations at the end of June and there are fears that it could eventually leave the euro zone. Greek Finance Minister, Yanis Varoufakis, ruled out a "Grexit" -- Greece leaving the euro zone -- in an interview with a German newspaper Bild published Monday, but said that Germany needed to play a bigger part in talks. The only way Greece would be able to repay its debts is if there is a restructuring, he wrote, and a deal could be possible if German Chancellor Angela Merkel took part in the talks, Reuters reported. Read MoreWhat would a Greek default look like? Papandreou said he believed a "Grexit" would be a big mistake and said that a deal would be agreed upon. "Over 70 percent (of the Greek people) are in favor of staying in the euro. They did not give a mandate to for this government to leave the euro or to default. They have sometimes applauded a stronger negotiating position (with lenders), but in the end they do want a deal," he said. "So I believe it is in the interest both of our country, but also of even the Prime Minister, to go beyond the narrow confines of his own party and move forward to find an honorable compromise. And I hope that it happens."
energy stocks back in the green, following ERX its up 0.07 to $53.19, low on that ETF was $51.50....all stocks are going green, get ready for massive upside on any positive greece news due out at anytime...keep buying...dow now off only 103....
In at $88.73 OUT AT $91.00 done for the day, if it drops below $88 by the close Im back in, until then took profits. I know its headed higher, I didn't expect it to jump over $2.00 from where I bought it so I'm happy with my profits, tomorrow though it will probably be above $94 and Ill be like, yep should have held...already trading back near $91.20
I can guarantee you the Federal Reserve is going to laydown for the market, no tough talk now. Greece is there excuse, just watch people, ive been doing this a long time and i can tell you im right on this one.
DAILY CANDLE SETTING UP JUST LIKE LAST WEEK, SHOULD BE A BIG RALLY TOMORROW...BUY BUY BUY RIGHT NOW...September ES now at 2077.00....buy with both hands....RIGHT NOW 1:20 est make your free $$$$$$$ IT'S SO EASY JUST BUY RIGHT NOW.