The US and Iran Talks - Iran Crisis

Telegraph: Reports " John Kerry 'prepared to walk away' from negotiations...John Kerry says major world powers will not "rush" into a nuclear deal with Iran, adding he was “absolutely prepared” to walk away  "

Lets Get Real:

The Tehran Regime can smell that the Obama Oval is weak, the Obama Administration wants a deal at any cost, otherwise the Obama Administration will look weak and out of touch with reality.   The State Department does not want another Munich, it does not want to be shown up as fools in a rush to get a deal.   The Russians due to Ukraine sanctions are playing games, they are pushing to arm Iran, while also wanting it seems a non nuclear Iran. One has to assume that Putin is pushing Tehran to be tough, the Russians are looking to undermine Obama and the US in Europe and the Middle East.    Thus further talks leading nowhere. 

The Greeks Fold - Greek Crisis

Guardian: Reports " The Greek government capitulated on Thursday to demands from its creditors for severe austerity measures in return for a modest debt write-off, raising hopes that a rescue deal could be signed at an emergency meeting of EU leaders on Sunday. "

Lets Get Real:

The Greek crisis is OVER, or seems to be over, how many will bet that Greece never does the real reforms, that the issue will be thrown in the long grass and Germany will take a modest hair cut and the Athens Government will give the PR of doing real reform.  Typical EU fudge and down the road there will be more printing of money and others with their hands out.  At least the PR of Greece is OVER, thank God. 

Greece Lates - Greek Crisis

BBC News - Greece Live: Reports in its 8.50pm post via the WSJ that Greece will give its plan to the EU within the hour. 

Lets Get Real:

The Stock Market is up, they must know something that the rest of us do not, one can assume that a deal is in the works between the EU and Greece.   Lets see how much pain Germany is willing to take with hair cuts to the debts that Germans banks hold of Greek debts.   In return for the cut in debts one can expect that on the PR side the Greeks will say they will do reforms, of course once the news cycle moves the Greeks will do bugger all and it will be to late for the EU to demand reforms.   The next countries with their hands out will be Spain and Italy.