Sabre Rattling by Iran

Telegraph: Reports as the UN sends its Nuclear Inspectors to Iran, the Tehran does some sabre rattling by holding anti aircraft exercise. As the article notes the UN Inspectors will not visit Iran’s controversial nuclear facilities, thus these talks are being used by Iran as time to builds up its nuclear structure, and its defence of these structures, as noted on Fox News a barrel of oil has now reached $105 Dollars, these will send up the price when customers fill up their cars. If there is an attack on Iran expect a barrel of oil to reach between $115 - 145 dollars a barrel, this will hit customers, thus less spending, a contraction of the economy. This will have negative effects on voters in the US and UK. Thus this is important folks, expect more tension to develop, this crisis will not go away folks.

2ND Greek Bailout - Euro Crisis

BBC News: Reports that Eurozone Finance Ministers are showing confidence that Greece will get its 2nd bailout of 130 billion Euros. In other words folks these politicians are hoping something turns up to change the present outlook for Greece, EVEN with the agreed austerity package between Greece and the EU/IMF/ECB, the deal will still leave Greece with a 120% of debt to GDP. The EU Ministers have looked over the cliff of a quick Greek default and decided to it would rather waste 130 billion Euros NOW, and then in a few months time Greece will be asking for more, no wonder the Eurozone is in a mess, no bold leaders, but weak leaders afraid to admit they got the Euro wrong. This crisis is over for NOW folks, but Greece will be back for more money, its just a matter of time folks. They say people get the leaders they deserve, well it seems that EU is heading for the toilet, pushed there by its people and leaders.