http://www.marketwatch.com/story/eurozone-finance-ministers-reject-greek-request-for-one-month-bailout-extension-2015-06-27
Though my "hopes" aren't quite up yet. Considering some form of straight default should have happened 5 years ago, it's not like this has been a process that's gone quickly. Granted, Greek banks have been in a de facto Bank Run for several months, already. The collapse of the 4 major Greek Banks could easily happen starting Monday.
My sympathy to those that are about to be in an even worse mess. But you don't cure cancer by ignoring its existence. Hopefully Greece can rebuild quickly.
Though my "hopes" aren't quite up yet. Considering some form of straight default should have happened 5 years ago, it's not like this has been a process that's gone quickly. Granted, Greek banks have been in a de facto Bank Run for several months, already. The collapse of the 4 major Greek Banks could easily happen starting Monday.
My sympathy to those that are about to be in an even worse mess. But you don't cure cancer by ignoring its existence. Hopefully Greece can rebuild quickly.