While the EU meets in Brussels to decide Greece's fate (Approve a 6 month bridge loan or Not) the head of Greece's central bank, meeting in Russia for a loan at the same time.
If the EU does not agree to a bridge loan, there is a very good chance that Russia will swoop in to fill the void. In exchange for the loan PLUS interest: Will part of the deal be that Russia now has a port O call on the Med? Isn't Greece a NATO country?
This will probably not be covered in the MSM however it is a serious event. Which might lead to a series of events that will further weaken the global economy and security.
While at this writing it appears that Greece will exit the EU - Which country will be next? Italy, Spain, France, or?
Stay tuned
To read:
Perhaps the most curious aspect of this, third, Greece ""exit crisis, is just how completely unnoticed it has gone by the capital "markets", or rather non-Greek capital markets. Which, considering the changed dynamics of the negotiations, was to be expected. As explained again earlier [11], this time around it is imperative on the central planning regime to keep stocks and bonds as stable as possible heading into tomorrow's negotiations with Greece, because should global risk not bat an eyelid, it will mean that Greek leverage is non-existent as the "market" (which courtesy of central banks no longer really exists) does not anticipate any contagion, and is why the S&P has actually been surging in the past week.
To read:
"Greek Defence Minister Panos Kammenos said that if Greece failed to get a new debt agreement with the euro zone, it could always look elsewhere for help."
"What we want is a deal. But if there is no deal - hopefully (there will be) - and if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to Plan B. Plan B is to get funding from another source," he told Greek television show that ran in to early Tuesday. "It could the United States at best, it could be Russia, it could be China or other countries," he said.
