Top Stories of the day July 06
1. The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe.
Greek Prime Minister Alexis Tsipras is promising that Greece will be able to stay in the euro, but that gives EU bureaucrats and the IMF a tremendous amount of power, because at this point the Greek government is flat broke.
Read also: OSB Daily Technical Analysis-Currency Pairs
2. CySec has issued an announcement to inform that the Commission has imposed an Administrative fine to a Cyprus Investment Firm and its Director. The fine to the company is €100.000 and to its Director is €30.000.
3. Trillion-Dollar Stock Managers See Chaos on Greek ‘No’ Vote. That’s the view of equity managers overseeing more than $3.7 trillion, who say the game of chicken between Greek Prime Minister Alexis Tsipras and creditors threatens lasting damage to a European stock rally that earlier in 2015 added as much as $2.17 trillion to share prices.
4. Varoufakis Resigns – Our NO is a majestic, big YES to a democratic, rational Europe!
The ultimatum of 25th June was the means by which these aims would be achieved. The people of Greece returned this ultimatum to its senders; despite the fear mongering that the domestic oligarchic media transmitted night and day into their homes.
Read also: OSB Daily Cheat Sheets for Currency Pairs, Commodities and Indices
5. FXPRIMUS Group appoints Michael Mirarchi as CEO & Director of CapMarFX, as part of a global strategy to drive institutional offerings via its FCA-regulated arm.
With the appointment of Michael Mirarchi, CapMarFX demonstrates the company’s intention to position itself as the leading provider for institutions and professional traders worldwide.
By OneStopBrokers
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