Greece is on the precipice. This time for real

GlobalPost

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Need to know:

In the staring contest that is Greece vs. its creditors, no one has blinked. On Sunday, the European Central Bank decided to keep the emergency funding to the country's banks at current levels. Since Greece's banks rely on ECB funds, the decision could mean banks will be closed on Monday. Folks in Greece are understandably freaked out, as evidenced by the fact that some ATM lines in central Athens are up to 50-people long.

Others in Greece are doing what they usually do on the weekend — heading to the beach — but they aren't happy about it. "Everyone is very sad, very upset and depressed," said 42-year-old Anna Apostolopoulos as she sipped a coffee on the terrace outside the trendy Balux cafe in Glyfada, a well-heeled resort half an hour from Athens.

Greece and its creditors had been locked in negotiations over a new bailout on Friday when the Greek government called a surprise referendum for July 5 over whether to accept the terms it was being offered. It then asked for an extension of its current deal until after the vote was completed. That extension request was denied on Saturday.

And a day at the park quite literally turned into a nightmare in Taiwan when a ball of fire ripped through a crowd at a water park outside Taipei. More than 500 people were injured, almost 200 of them seriously. Footage on the Apple Daily newspaper website showed crowds dancing as music played and clouds of powder being sprayed out which suddenly turned into an inferno that tore through the spectators.

Want to know:

Love and lust are hindering Sierra Leone’s fight against the deadly Ebola virus. In recent months, government officials and international health workers have slowed the spread of Ebola. The outbreak has been declared over in Liberia, though it continues in Guinea and Sierra Leone. Eight new cases developed in Sierra Leone and 12 emerged in Guinea in the week ending on June 21, according to the most recent WHO statistics.

The virus has proved resilient, but people are keeping it alive, too. Religious practices lead the faithful to touch contaminated corpses. Now sex has also emerged as a factor in Ebola’s persistence. Officials have ordered Ebola survivors — about 9,130 people in the country — to abstain from sex for 90 days after they recover because the virus can linger in semen for that length of time. But people are having a hard time following the directive.

Strange but true:

If the possibility of a Grexit from the euro zone has you down, there's a drink for you. German entrepreneur Uwe Dahlhoff secured rights to the name "Grexit" for his liquor company in anticipation of the country's current financial drama. Some drink to celebrate. Others drink for consolation. Either way, Grexit has you covered. 

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