We Just Arrived in Athens… Here’s What We Saw…

ATHENS, Greece – “It’s finished. The euro finished. Greece finished.”

With this apocalyptic shorthand, our taxi driver described the situation in Athens.

The banks here have been closed for two weeks. To try to prop up the crumbling banking system, the government has banned Greek citizens – but not tourists – from withdrawing more than €60 ($67) a day from the ATMs.

The breaking news this morning is that the government and its creditors have cobbled together a deal to keep Greece in the euro zone.

Prime minister Alexis Tsipras has caved in to creditors’ demands on economic reforms. Trouble is his countrymen voted to reject almost the same deal in last weekend’s referendum.

And Tsipras still has to push the reforms through the Greek parliament on Wednesday.

Otherwise all bets are off…

BY BILL BONNER, CHAIRMAN
BONNER & PARTNERS

I touched down in Athens late in 2004, stayed at a five star in the square, it was finished then. Demonstrations came through daily on the march to parliament. Independent Greeks saw it then, all Greeks feel it now. Hopeless enslavement. Mike1953