Greece is the Word...
by Nick Ashton, CEO/CTO, CommSmart-Global Group of Companies
Five years of ignorance and lies to the Greek People!
A nation that from within, has now become without...
It is all about Impending CHANGE!
Turning your back and having a blind eye will only last so long. Eventualities will thump you on the back and poke you in your good eye, oh so quickly.
From your own business perspective, there is much to learn from the Greece issue. You may think it has nothing to do with you and your company is world's apart from the issues.
YOU are NOT!
Start listening to those that know, now!
Greece is due to make a €1.6bn payment to the IMF on Tuesday - the same day that its current bailout expires. It seems it will not.
Last week, talks between Greece and the eurozone countries over bailout terms ended without an agreement, and Prime Minister Alexis Tsipras then called for a referendum on the issue to be held on 5 July.
Many people are wondering why the Greek economy is having such a major effect on the global markets. Why is such a small country making the world’s major markets rise and fall with every headline that comes out regarding their possible economic collapse? Fear of the unknown is driving the seemingly schizophrenic markets up and down like a yo-yo.
Greece is not an insignificant economy and it’s failure would send major ripple effects throughout the world, thinking it is “too big to fail”. They are also intricately linked to Greece through the European Union (EU).
The BBC reports Greece is 'Out of control'
Greece is due to make a €1.6bn payment to the IMF on Tuesday - the same day that its current bailout expires. It seems it will not.
Last week, talks between Greece and the eurozone countries over bailout terms ended without an agreement, and Prime Minister Alexis Tsipras then called for a referendum on the issue to be held on 5 July.
Is this just another comment to appease the Greek citizens? The world financial markets are not buying as they start the doomed slide.
At the weekend, the Greek government confirmed that banks would be closed all week, and imposed capital controls, limiting bank withdrawals to €60 euros (£42) ($67) per day. Tourists can still use their debit cards, but cash from ATMs is drying up.
"Greece's decision to shut banks over the weekend is just the most dramatic element of a crisis that has spiralled out of control," said Chris Beauchamp, senior market analyst at IG to the BBC.
At the weekend, the Greek government confirmed that banks would be closed all week, and imposed capital controls, limiting bank withdrawals to €60 euros (£42) ($67) per day. Tourists can still use their debit cards, but cash from ATMs is drying up.
"Greece's decision to shut banks over the weekend is just the most dramatic element of a crisis that has spiralled out of control," said Chris Beauchamp, senior market analyst at IG to the BBC.
When Greek Prime Minister George Papandreou presented the idea of a referendum on the bail out uncertainty and fear grew to a fevered pitch. The masses in Greece did not want to submit to the changes that would be required by the European Central Bank (ECB) for the new bail out loan, but the government believed that without it the economy will totally collapse.
Many think that if Greece defaults, other EU members might default as well. The Wall Street Journal stated, “The decision by Greek Prime Minister George Papandreou to shelve the poll capped a tumultuous few days that thrust Athens to the brink of political chaos and forced Europe’s leaders to contemplate Greece’s exit from the single currency.”
Let us be clear, it will only be those that have a positive attitude that will succeed. Now is the time to refresh your business potential, attitude and changes necessary to stand-alone and be the change agents you need to be.
WE ARE IN THE NOW AND KEEP YOU; IN THE KNOW...
email: change@commsmart-global.com
telephone: +1 (614) 655-1247
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