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she agrees request with greece s creditors. it is too hard to run a business here she shows me her neighborhood. come on. come on. and the many shops standing empty and unlakely to open again anytime soon. it is very sad. because all of these shops represent people. reporter: people who run small businesses here know through hard experience a new bailout won t guarantee greece s economic recovery but without a quick deal they fear many more will lose livelihoods, saving everything they have struggled to build. cnn, athens. greece isn t the only country experiencing financial difficulty right now. china, a mood of panic. that s what security regulator is calling the mood on the stock market this wednesday as it tries desperately to stop the selloff. unprecedented moves from them. more than half of all companies ....
Single currency union. we have to safeguard the other 18 members of this currency union that are playing ball while greece isn t. and for a sense of the urgency for these talks. let me bring you some sound from the president of poland. he is the one who gathers the eu leaders as part of the summits and he was saying we are sick of deadlines. it should be resolved by the end of the week. if someone has an illusion that it will not be solved, they are naive. the stark reality is that we have only five days left to find the ultimate agreement. until now, i have avoided talking about deadlines. but tonight, i have to stay it loud and clear that the final deadline ends this week. ....
Sudden the greek prime minister said remember that offer you gave me a few days ago and i rejected? now with all this news, it looks like i ll take it. but the problem with the greeks they always come with caveats. who knows if they re going to take it? yes, markets are up here in the united states and around the world. every single stock market i ve been looking at is way up. but who knows if europe will take it at this point? is it is not time to breathe a sigh of relief yet. certainly an ongoing saga. who will blink first? greece isn t the only country facing a huge debt crisis. puerto rico is looking at defaulting. what can be done there? what s happening? when you hear big lending big spending and harsh austerity, you think of the mediterranean. but that s what s happening in the caribbean, in our own backyard. puerto rico is a commonwealth of the united states no they don t pay taxes but they hold u.s. passports. so they have $73 billion in debt. how did they get here? in ....
What is being done to greece isn t about morality or fairness. it is, at this point, a sadistic exercise in sheer will to power by banking interest who is want to make an example of greece and its people the same way a loan shark does with a tire iron to the knees. it is morally monstrous and they should be ashamed. ....
Brought it to the brink of outright disaster. around series of austerity measures and spending cuts demanded by its creditors, greece has seen a 25% decline in gdp, roughly equivalent to our own great depression. a quarter of the country is unemployed. the country has so many mounting debts, it hasn t even been able to pay for medicine since last year. so if you re a greek cancer patient looking for chemo, take it up with the german banks. and under the creditors demands, greece will still have unsustainable debt for at least another 15 years. well, greek people have had enough. tonight, greece defaulted on one of its loan payments and this week the country will hold a referendum on whether to accept the creditor s continued austerity proposals or to default on their loans, opening the possibility that greece would be shut out of the eurozone. thousands of people rallied in athens urging greeks to vote no on the creditors demands. thousands of people rallied tonight urging greeks to ....