Marc Faber Predicts: Debt Interest Will Lead to Default, Then War. Thanks to Brett G. for the link.
Several readers mentioned this: Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says French banking chief. In the short term this could push the US Dollar up, and gold down.
From J.T.: Greek FinMin unveils tax reform, wage policy
GG sent a link to the latest from Mish Shedlock on “revenue enhancement” in the land of Ouzo: Greece Outlaws Cash Transactions Above 1500 Euros, Unveils New Taxes
Items from The Economatrix:
Obama Says New Budget Rules Will Rein in Spending (Gee, it must be a matter of one’s perspective, to have “out of control spending” seem “conservative”…)