discocrisco01
discocrisco01's JournalLooming Greek 'crunch' threatens fresh global crisis, warns Osborne
George Osborne has warned that Greece's battle with Europe's creditor powers is nearing a "crunch" point and threatens to detonate a fresh global crisis if mishandled over the next days and weeks.
The Chancellor said the escalating crisis in Greece is now the biggest threat to the world economy and has become a haunting theme for finance ministers and central bankers meeting at the International Monetary Fund in Washington this week.
"The mood is notably more gloomy than at the last international gathering, and it is now clear to me that a misstep or a miscalculation by either side could easily return European economies to the kind of perilous situation we saw three or four years ago," he said.
"The crunch appears to be coming in May, and it would be a mistake to think that the UK would be immune. Of course, it would be the very worst moment for there to be any confusion about the direction of British of economic policy, or for a change of direction. We need resilience for moments like this," he said.
The warnings came as Greek finance minister Yanis Varoufakis prepared to meet US Treasury Secretary Jacob Lew to explore a possible 12th-hour compromise before Greece runs out of funds
http://www.telegraph.co.uk/finance/economics/11545636/Looming-Greek-crunch-threatens-fresh-global-crisis-warns-Osborne.html
The Case for U.S.-Russian Parity (With Prof. Stephen Cohen)
ISIL blamed for Afghanistan attack
Dick Cheney Says Obama Is Worst President
CNS News reports
"During Tuesdays Hugh Hewitt show, former Vice President Dick Cheney voiced his opinion on President Barack Obama saying, his actions are constituted in my mind those of the worst president weve ever had."
Following a discussion where Cheney was critical of the Obama administrations negotiations with Iran on nuclear facilities, Hewitt asked, "Is he naïve, Mr. Vice President? Or does he have a far-reaching vision that only he entertains of a realigned Middle East that somehow - it all works out in the end?"
"I dont know, Hugh, Cheney replied. I vacillate between the various theories Ive heard, but you know, if you had somebody as president who wanted to take America down, who wanted to fundamentally weaken our position in the world - reduce our capacity to influence events, turn our back on our allies and encourage our adversaries, it would look exactly like what Barack Obamas doing.
I think his actions are constituted in my mind as those of the worst president weve ever had."
Dick Cheney is wrong, wrong, wrong. Olbermann obliterates Mr. Cheney is this special comment from six years ago/ No, Mr. Cheney you are the most vile Vice President of all time.
Sorry. Mr. Cheney is dead, dead wrong. I wish hell for you was you tied to a chair with a bunch of TVs of Keith Olbermann yelling at you for eternity in an eternal special comments against you.
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