Around the world, different things are happening. The
Greek Debt Crisis has spooked many investors and their financial situation will
have banks closed until Monday the following week.
In Sydney, the Australian Dollar has grown stronger
than the dollar trading at $74.26, up from 73.84 on Wednesday. The share market
also opens lower after Wall Street slumps regarding China and Greece worries.
China's stock market had failed to prop up properly,
resulting into an alarming situation for Asia countries.
In Brussels , Greek Prime Minister Alexis Tsipras will
create a proposal that will include more austerities before its deadline
Thursday night. European Union leaders have issued an ultimatum opting to meet
post-proposal about a Greek exit from the Euro if Greece will not comply.
Greece is also set to start pension and tax reforms
the following week as demanded by its lenders for its third bailout package to
save its financial system. Meanwhile, its banks will remain closed until Monday.
In the US, the IMF Managing Director Christine Lagarde
pushes for European lenders to push for debt restructuring to allow propping up
of Greece's finances.
The United Kingdom faces fresh austerity measures to
remove the country's debt as he shows the consequences of ill-payment with
Greece as an example.
