Become obvious that the small country relied on its fine it Financial Sector to much, and toxic loans and bad speculation eventually tipped to the banks over the edge, so now cypress wants to be bailed out by europe. In return, International Lenders want cyprus to introduce reforms and strict austerity measures. These would involve job losses and pay cuts, which is bad news for many cypriots who are already struggling to pay their bills. A decade ago, this dancer and musician was a star in cyprus, performing in clubs or appearing on television every night. Women were at his feet. They called him the palomino of nicosia the ballerino of nicosia. Now he and his wife sit at home with their son. The family have debts they cannot repay. They have three loans adding up to more than 300,000 euros in total. It was so easy to get credit. No questions asked. They just gave us something to sign, and we did not read the small print. If you do not have a regular income and cannot make the payments
Country relied on its fine it Financial Sector to much, and toxic loans and bad speculation eventually tipped to the banks over the edge, so now cypress wants to be bailed out by europe. In return, International Lenders want cyprus to introduce reforms and strict austerity measures. These would involve job losses and pay cuts, which is bad news for many cypriots who are already struggling to pay their bills. A decade ago, this dancer and musician was a star in cyprus, performing in clubs or appearing on television every night. Women were at his feet. They called him the palomino of nicosia the ballerino of nicosia. Now he and his wife sit at home with their son. The family have debts they cannot repay. They have three loans adding up to more than 300,000 euros in total. It was so easy to get credit. No questions asked. They just gave us something to sign, and we did not read the small print. If you do not have a regular income and cannot make the payments and you are two or three month
Another 1. 37 higher today and there you see ice. Ice, ice, baby. Crude is up 6 since the first day of the summer. Another big report from the financial sector, this time its Morgan Stanley up 4. 5 . Better today, up big, and the financials are up 40 in a year weve got it all covered for you on this hot day. Sue is down at the new york stock exchange. Good to see you, ty, and as you mentioned we hit alltime highs for the dow and the s p. You see the big board basically today, its running very strong. 81 points. The nasdaq, no slouch there, either. Its near 13year highs, and more importantly to a lot of chartists, the russell 2000 is at alltime highs as well. That 10year note, the yield right now is trading just below the 2. 5 mark. Well show that to you in just a few minutes. Bob and warren join me now on the floor right now, and warren, with respect to the financials, the nasdaq has quite a bit of support under it in todays trading session. Absolutely, and you look for the financials
This is an explanation for the political crisis. The European Union has not solved the problem that it is a community of a federation of separate states. It is undecided what it is, is it a federation or is the day assembly of separate states . This is the major problem of the European Union for the time being, this and salt structural question. This plays a major role this unsolved structural question. At the end, you need all people on board to give access to country. The problem with the European Union is, because you need it to be unanimous, concerning macedonia, you know your neighbor has enormous problems with the name macedonia. But in macedonia, we should be honored. I had the biggest hope that macedonia could become a wonderful example for a multi ethnic, a country with a multi Ethnic Society and the constitution as a basis for Mutual Respect of the different ethnic in the country, and the kind of political system, reducing the differences by defining common goals and working
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