While we are sure the spin from any and every talking head will be that Grexit is overall positive for the Eurozone (until they see Podemos in the lead in the Spanish polls [9] and Italy's Beppe Grillo previous threasts to "leave the Euro and bring down this system of bankers, of scum" [10]), the early pressure to sell Euros (and not in a 'great news we are devaluing our currency and exports will be awesome way' - more a Venezuela 'get my capital away from this hell-hole' way) has been v-shaped recovered as, without doubt every central bank from Switzerland to Swaziland will be buying Euros tonight to maintain the illusion but for how long... While 'they' tried to save EURUSD, US equity futures aren't buying it (giving up the late-Friday Ukraine-is-solved and Dow is gren YTD surge) - The Dow is down 65 points, S&P down 8 points, and Nasdaq down 14 points.
EURUSD rescued back into the green (for now)...
[11]
But stocks ain't buying it...
[12]
Europe's New Scariest Chart... Spain's Podemos in a comfortable lead in the polls...
[13]
And from the head of Italy's leading political party just 3 months ago...
Italy's Beppe Grillo - the leader of the Italian Five Star Movement - has started collecting signatures with the aim of getting a referendum in Italy on leaving the euro "as soon as possible," just as was done in 1989. As Grillo tells The BBC [14] in this brief but stunning clip, "we will leave the Euro and bring down this system of bankers, of scum." With two-thirds of Parliament apparently behind the plan, Grillo exclaims "we are dying, we need a Plan B to this Europe that has become a nightmare - and we are implementing it," raging that "we are not at war with ISIS or Russia! We are at war with the European Central Bank," that has stripped us of our sovereignty.
60 seconds of brutal honesty of the tyranny in Europe...
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