At what point do the Greek Banks go bust - Greek Crisis

Telegraph - Live Blog: Reports the following in its 7pm post " The ECB is ready to tell Greek banks they have to reduce their holdings of the country's sovereign debt, should there remain little progress on agreeing a new bail-out, according to a report from Bloomberg.....Greek banks are the main holders of the country's short-term Treasury bills. The new government has asked for permission to raise temporary funds through issuing such paper, as part of plans for a "bridging loan."  That looks unlikely to be granted if the ECB is demanding Greek banks lessen their exposure to the country's sovereign debt. "

Lets Get Real:

The Germans are standing tough on the bailout structure for Greece, they do not see why the German taxpayer should pay for the left wing promises of a left wing Government, Berlin should demand that the Greeks keep to past promises, otherwise other left wing Parties in Europe will make the same promises to get in to power and expect the Northern rich countries to pay for the left wing polices of Southern Countries.    The EU can not have fiscal union without political union, different tax rates and welfare structures will cause internal trouble and sooner not later, and cause the Euro to be called in to question and the EU.   The EU can not remove political reality, if Spain or Italy go bust it is ALL OVER, it is that simple.  The Germans in this case should find their inner Prussian and stand tough. 

Ukraine Latest - Ukraine Crisis

Guardian: Reports " For all the flaws of the ceasefire, it is probably more attractive to Kiev and European capitals than a full-blown resumption of a conflict that has already claimed over 5,000 lives in 10 months. "

Lets Get Real:

A Cold ceasefire with the odd hot flashpoint might be the best deal for the West and Russia, the question is can President Putin keep his nose out of the Baltic States and Poland.   The Kremlin has seen the West weak and seeking to appease Russia,  what if they try to get the Russian minority in Baltic States to push for closer links with Russia, what if they send soldiers and tanks to help the Russians in the Baltic States, that is the most important line in this crisis, this would force the West to ACT, even with military support, the Baltic States are part of NATO, and its one basic line is, an attack on one is an attack on all, does the Kremlin still get that or does it think it can push and get the Baltic States back, like they have gotten the Crimea and East Ukraine.   The Ukraine Crisis is the most important crisis facing the US and the West, followed by IS.    The West has to find its backbone and deal with both. 

Greek Crisis Latest - Greek Crisis

BBC News: Reports " Germany has rejected a Greek request for a six-month extension to its eurozone loan programme. "

Lets Get Real:

The Greek crisis is showing seeds of mistrust between Germany and the EU, the EU elite want to keep Greece in the Euro at any cost, the problem is that they want the German taxpayer to pay for the political promises of a left wing Greek Government.   The problem for Berlin is that if they let Greece off the hook they will have Ireland, Italy, Spain asking for the same benefits, that means printing more money, and you get Weimar Germany on a bigger scale.    The Germans have to stand firm, even be seen as hard, the small tail of Greece can not run the EU or it is finished.