God’s Doors Are Open to All

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“Days before the Supreme Court legalized same-sex marriage around the United States last week, Newman Congregational Church in Rumford, Rhode Island, installed a set of rainbow doors along its fence to send a strong message in support of equality,” Antonia Blumberg of the Huffington Post writes.

Religion brings out the worst and the best in people.

Nigel Farage Has Had a New Wet Dream about the European Union Dying

No matter what happens in Europe, you can be sure Nigel Farage will take it as a sign of his Europhobic ultra-nationalism is what people really want. In an article run by the Telegraph, the UKIP leader rejoices at the fact that many Greek No-voters were young:

The result is a tired, stumbling European Union that is dying on its feet before our very eyes. Credibility for the project is fading fast as citizens right across Europe awaken to the reality of its authoritarian instincts that seek to run roughshod over public opinion.

With younger generations now turning against the EU project, we can see support for the EU’s dream of a United States of Europe fading fast. An outdated European Union has been found out and rejected emphatically by young Greeks in the 21st century.

It is all too clear to see why: both the euro single currency and the European Union itself have done great harm to the prospects of young people who are now realising that we do not need a single currency or a political union to be friends, neighbours and trading partners. Far more important than this European Union is the concept of national democracy, of which this Greek referendum and its result are a beaming example of.

This, however, is not even close to being the truth. The No-campaign was fought by populists with the very clear message that Greece should stay in the euro and at the heart of the European Union.

Scrip Can Help Greek Government Conserve Hard Cash

From The Economist:

Scrip has a rich history. Massachusetts paid its citizens “tax anticipation notes” instead of cash in the 1690s, according to a paper by Richard Sylla of the Stern School of Business at New York University. These were swapped for cash once the anticipated tax had been collected. California used scrip in 2009. The recession had sapped revenues, and bickering legislators could not agree on a revised budget. The state began to pay benefits, tax rebates and other bills in “registered warrants” rather than dollars. In all, it issued 450,000 IOUs with a value of $2.6 billion.

Guy Verhofstadt: This Is Not the End

Commenting on the referendum results in Greece, Guy Verhofstadt, leader of the European Liberals and Democrats Group, issued this in a press release:

Tsipras has won the referendum at home, but lost his credibility in the rest of Europe. He has to understand that money for nothing only exists in songs. He has to show he can do more than merely rejecting proposals. This week will determine if Tsipras is a leader who offers solutions or a false prophet without any ideas of his own.

Surviving a Heatwave

I decided to talk a quick walk through central Malmö this afternoon. Big mistake! I’m too Nordic for this high temperature. It’s now 32° Celsius.

Greek Banks Prepare Plan to Raid Deposits to Avert Collapse

From the Financial Times:

The plans, which call for a “haircut” of at least 30 per cent on deposits above €8,000, sketch out an increasingly likely scenario for at least one bank, the sources said.

A Greek bail-in could resemble the rescue plan agreed by Cyprus in 2013, when customers’ funds were seized to shore up the banks, with a haircut imposed on uninsured deposits over €100,000.

It would be implemented as part of a recapitalisation of Greek banks that would be agreed with the country’s creditors—the European Commission, International Monetary Fund and European Central Bank.