Russia DEMANDS Ukraine NOT to enter NATO (WAR United
The 111-95 victory of the Greeks over the American team in the semifinals of the 2006 World Cup in Japan is a long time ago. Greece has changed, not much, but it has changed. The United States, with the same coach, Mike Krzyzewski, and some of the players who lost that trip to the World Cup final (Lebron James, Carmelo Anthony…), has also changed. It seems that for the better.
In fact, in the reunion between the Greeks and the Stars and Stripes since Japan, everything has changed. Transformations shallow at first glance, but abyssal below the surface that can be seen at a glance. Greece won in Tokyo in style. In China, it lost hands down.
The ten-ten in the Chinese capital lasted until half-time, minute in, minute out. In the second half the passionate Eastern fans, who have an indescribable admiration for the American players, had a great time with the NBA’s stroll from the interval on.
“I see a bearish bias with the euro until I read a headline that tells me global growth is going to pick up in a big way,” Jordan Rochester, a strategist at Nomura, told me. He believes the euro will reach parity by the end of August.
What does that mean? What’s good for U.S. tourists is tough for European companies that need to buy energy, raw materials and components priced in dollars. Rising import costs could continue to affect prices in the 19 countries that use the euro, where annual inflation hit a record 8.6% in June.
The first is the economic outlook. Fears of recession are growing around the world. But Europe’s proximity to the war in Ukraine, and its historical dependence on Russia to meet its energy needs, have made it more vulnerable than the United States.
Natural gas prices in Europe are at their highest level since March. Russia has cut gas flows to Europe, and the major Nord Stream pipeline is about to undergo maintenance. Energy workers in Norway have just gone on strike, threatening further supply restrictions.
Hundreds of Cubans try to cross the Mexico-Mexico border
The decline with which the US indices closed the day before and the cut made by Moody’s to Greek debt, which placed it seven notches below junk bond, anticipated a downward opening of the European stock markets, and so it was.
Wall Street began the day without knowing which path to take, but when it became known that Moody’s is threatening to cut the ratings of Merrill Lynch, Bank of America, Citi and Well Fargo, considering that their ratings may show excessive support from the Government, the cuts were imposed on the North American indexes and worsened in the European ones.
PUTIN attacks and invades Ukraine | RTVE
Throughout the Greek crisis, the United States has stood on the sidelines, adopting a silent role. But the interminable negotiations between the Greek government and its international creditors have tired Washington, which has put an end to the tacit pact of silence to demand results.
The US government is aware that European leaders, who criticized the Americans for meddling in the past, consider the Greek debt to be an internal matter and recognize that the Old Continent has sufficient experience to resolve the dispute.
In June Greece has to make a payment of 1.5 billion euros to the IMF. The first due date is June 5, but Athens has already announced that it does not have the funds to meet this financial commitment. Hit by unemployment and low tax revenues, the country does not have the money and is still renegotiating the terms of the bailout with the European Central Bank, the European Commission and the IMF to obtain better terms and avoid default.