the french. We sent a team because hell we know our taxes.

Yeah, would have been my guess as well:
http://www.theguardian.com/business/...b0c514f96c67f7

From http://uk.reuters.com/article/2015/0...0P40FR20150712

I mean mega lol, this is getting beyond a joke now. Imagine that.

So the Greece nonsense continues - this time with the Greeks being subject to (and agreeing to) giving the Germans ownership of their assets - banks and some of their islands among other things - as collateral, far worse terms than before the referendum. lol. Socrates would be rolling in his grave at the stupidity of the modern Greek state.

What are the odds this passes the respective parliaments? And if it doesn't, Greece basically exits, right? What does this mean for stocks? Stocks are acting as if Greece and China are 100% settled, just 1% off all time highs.

I don't understand. NYT make it sound like there were concessions by most of the cuts going against rich greeks somehow but how is this a better deal than what was originally proposed??

In a nutshell: the new deal is far worse (more austerity) than the ones the Greek voted a strong "no" against. Strikes are planned against the new deal.

It still has to pass parliaments in both the lender countries and Greece. It's thought likely that it will pass in Greece using opposition parties. The Greeks are so incompetent that apparently they don't even have backup provisions in place for bringing back the Drachma should negotiations have failed, so they had to go to Germany on their knees.

IMF believes (in a "leaked" document) that the Greek economy has already been so crippled by the recent closing of the banks that it's in a far worse position than two weeks ago, and that even the current deal isn't sufficient.

Basically, it's a cluster****. We're just waiting on parliaments to pass the provisions - Wednesday for Greece, not sure about others - then the Greeks will get debt relief and liquidity for their banks, but no earlier than August, apparently.

Meanwhile, the markets are going on happily buying up as if it's all resolved.

http://www.theguardian.com/business/...sborne-uk-live

Seems the NYT article was written by a 3rd grader or something. Even IMF is throwing in the towel lol.

What do you think chances are the current deal in place falls through? I just don't think the market cares anymore. China is substantially more important to the market then what's going on in Greece.

This one will go through I think, pretty sure.

They must feel dumb, the deal the greeks rejected in June was apparently quite a bit better for them than this one.