As austerity-ravaged Europe watches its undemocratic “institutions” grapple with the Greek tragedy, and the US backtracks on a fair nuclear deal with Iran, geopolitical tectonic plates are shifting in the Urals.
Chinese stock indexes rebounded Thursday. The Shanghai Composite added about 6 percent after the securities regulator made a bold move and stopped shareholders with more than a five percent stake in a listed company selling their stocks for six months.
Trading on the New York Stock Exchange floor was halted for nearly four hours. The stoppage shortly after 11:30 a.m. local time Wednesday, with all screens displaying a “No quotation” message, according to eyewitnesses. Trading resumed around 3:10 p.m.
The People's Bank of China injected $8.2 billion into the money market on Tuesday, the 4th consecutive injection since June 25, Xinhua reports. The regulator is trying to bolster the stock market which has lost 25 percent since mid-June.
The economic crisis in Greece created deep national divides but it’s not the Greek people’s fault, it’s the fault of the way the European elites have obfuscated the real issues at hand, professor of sociology Costas Panayotakis, told RT.