CNBC: Greece to Leave Euro Zone on June 18: Wealth Manager Says…. The Greek Banking System Would Close For A Week And There’ll Be A New Currency.

via CNBC:

Greece will leave the euro zone on June 18 following the country’s elections on the 17 as the rest of the euro zone rounds on “cheaters,” Nick Dewhirst, director at wealth management firm Integral Asset Management, told CNBC.com Monday.

“The euro zone is a club but you get cheaters who get away with it until everyone finds out and at that point you need to remove them otherwise everyone will [...]

EUR Plunges On Late Day L-Pap Scaremongering

by Tyler Durden 

 

With G-Pap talking of federalism all morning at Zeitgeist, the M.A.D. button was just pressed again by L-Pap as only minutes after we hear of a drop-in-a-bucket EFSF rescue fund for Greek banks, Dow Jones notes:

Preparations for Greece Euro Exit Considered, Papademos Says: DJ

 

Chart: Bloomberg

Anti-bailout party Syriza Election Win Wouldn’t Mean Greece Euro Exit, Leader Alexis Tsipras Says

Syriza’s opposition to the terms of Greece’s financial-aid program doesn’t mean the country would have to abandon the euro if the party forms a government after June 17 elections, party leader Alexis Tsipras said.

Presenting the elections as a choice between Greece’s memorandum with international lenders to stay in the euro and leaving the single currency is “alarmist,” represents a “vulgar propaganda campaign” against Syriza and is an attempt to “terrorize the [...]

Small law firms facing “perfect storm” – Telegraph

by Gary Yantin

No one looking at the legal profession over the last few years will have failed to notice that ‘Tesco Law’ is coming soon to a high street near you. Tesco Law will open up the provision of legal services to grocers, banks and outsourcing companies. With the full implementation of the Legal Services Act coming into [...]

Small law firms facing “perfect storm” – Telegraph

Telegraph.co.uk

No one looking at the legal profession over the last few years will have failed to notice that ‘Tesco Law’ is coming soon to a high street near you. Tesco Law will open up the provision of legal services to grocers, banks and outsourcing companies. With the full implementation of the Legal Services Act coming into effect in [...]