See Greeks line up for hours to withdraw just 60 euros
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See Greeks line up for hours to withdraw just 60 euros

Originally posted on Fortune:
Marathon queues snaked in front of automated taller machines across Greece this weekend. Uneasy Greeks are withdrawing cash after Prime Minister Alexis Tsipras called for an unexpected referendum to be held Sunday, a poll that will determine the near-bankrupt state’s fiscal fate. To prevent a possible financial collapse, banks across the…

Joe Stiglitz to Greece’s creditors: abandon austerity or face fallout
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Joe Stiglitz to Greece’s creditors: abandon austerity or face fallout

Originally posted on Fortune:
This article is published in partnership with Time.com. The original version can be found here. By Simon Shuster @shustry A few years ago, when Greece was still at the start of its slide into an economic depression, the Nobel prize-winning economist Joseph Stiglitz remembers discussing the crisis with Greek officials. What…

Think Apple’s come too late to the music streaming party? Here’s why you’re wrong.
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Think Apple’s come too late to the music streaming party? Here’s why you’re wrong.

Originally posted on Fortune:
There was plenty of chortling from the cheap seats when Jimmy Iovine and Eddy Cue fumbled the introduction of Apple Music at WWDC three weeks ago. “Eddy Cue is one undone shirt button away from getting kicked out of Margaritaville” tweeted Buzzfeed’s, Jessica Misener, to general laughter. But with Apple’s new…

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Euro rallies ahead of expected Greek default

Sterling reached a 7 1/2-year high against the euro yesterday as people looked for safe havens after Greece’s debt crisis worsened and  Athens imposed capital controls. The pound slipped from those highs but was still up on the day, with traders citing intervention by the Swiss National Bank as one reason the euro was recovering. But … Continue reading