words that really do capture as don't take this as we're booting greece out with greece ex-i willing the future row. the institutions are there on hand to help greece. the greece has 19 members not 18 greece has not left. these are words trying to soften the situation but really the hard reality is that greece is in a situation where it are not have the 1.55 billion euros that it needs to pay the international monetary family. it's inm it's not clear what they will do. will it go towards default or will it postpone. there is a procedure that 2 could be described as arrears if they don't move on it right away. added to all of this, julie is the issue of contagion. the line there the euro group is that it's not in the same ways that it was in 2012. there are now safeguards fireproof aspects to the way they've arranged things, and they can effectively contain the situation. but this is ground that no one has been into before. no one is quite sure where this will end up. if the run on the banks get bigger and bigger, the central bank will have to call in stopping the emergency loans goin

greece. they could get the boot from the euro zone. >>> new developments in taiwan.osion of a water park. police naming two people as suspects and three others being questioned. let's get to kathy, live in taipei. the numbers alone here are jaw dropping. >> reporter: chris, about 500 people were injured. of that about 200 in critical condition, injured in this massive fire ball that ripped through a party at the water park bemooindhind me. the powder is being blamed. investigatingse investigations are being conducted. cnn spoke to a company that sold the powder to the organizers of the event. the vice president told us there are warnings on the box of the powder that say there is a risk this powder can become flammable. as you mentioned, the organizer and the hardware manager have been arrested. they are out on bail. they have not been charged. now that someone died they could be facing a penalty for negligence causing death it carries a term of five years in prison. the person passed away is a 20-year-old woman. she suffered 90% burns on her body. people in critical

it's not time that they raise if greece is booted or if they go to default. is it going to be euro?re they kicked out? the uncertain thety versus i think a belief that there has to be a deal makes this fraud. it's fraud, and i think yellen understands that. i don't know if stanley fisher does. she's been hawkish. >> plenty of reasons to hike i believe you agree looking at job growth or pce but they have said in past statements that they are monitoring international developments so they can use it as an excuse. >> yes. and industrial production is not that good. we've seen decline. the dollar is strong. i see the dollar just zooming here. that's not what anyone wants. it's a shame that we're so interrelated but that's the reality is that we're interrelated. i'm watching the name calling in greece and watching the imf being called criminal. they're the most powerful force for countries that go bankrupt that there is. you don't do that and yet these politicians are saying we'll do better without you. >> this welcome has been making the rounds. that's not the picture of progress. you wo

we are going to get europe's boot off the neck, and they are say no no the boot is staying there. the issue is that greece needs another few billion dollars. the end of the big bail out in order to make some of these back, it doesn't get that it won't go any further. at this point it looks like it is a staring contest europe does appear to be win. >> >> got you. if you would more on the big program? >> tonight i am talking about oil by rail. the industry continued to put pressure and say they don't want to make the chains that have been recommended and they say moving oil by rail isn't as dangerous as people make it out to be, so we will have that discussion. >> can't wait, appreciate it. >> thank you sir. >> and of course you can watch ali velshi on target at 10:30:00 p.m. eastern that's 7:30 pacific right here on al jazeera america. >> listen to this, ukraine's president says he is bracing for am eminent russian invasion he told lawmakers moscow has thousands of troops and he says, he has ordered the ukrainian military to prepare for a full scale assault. charles stratford has more. >> it's been months

so we're going to know one way or the other if greece gets help or the boot. we shall see. ts mind you is we all seem to fear and wait for that. but what would be the worse case scenario talk about market tampering if greece goes. nobody in state germany anyway. what would be the big deal if greeks go? >> i think end game for greece has been the same since negotiations began years ago that is simply to allow greece to leave the eurozone? >> what would happen then? >> what is interesting is there's two different scenarios, on the one hand that means that the weakest link has been now pushed out. and so you night people a reallily in the year now that economy is stronger. so again that weakest link is gone. but on the other hand concern would be then who is next? does this create a domino effect. do we see exit from portugal. italy, spain so really market is trying to grapple with these two very opposite potential reactions from the market. >> what do you think happens attention in woodchips to the portugal and spain, dodge the road in france do you agree somebody >> greece is

boot. what he's saying now that nbc's canned its connection with the presidential candidate. >> next, prevented from getting their own money. the drastic steps greeceking to kee >>> stocks closed out the day with their biggest losses of the year and it all stems from the big greek debt crisis. >> investors are on edge about the fallout from greece's worsen money situation. tina krause reports the country closed its banks today in a last ditch effort to avoid a financial meltdown. >> reporter: tempers are running high in greece because cash is running out. the government shut down banks and is only allowing greeks to take out about $65 a day from an atm. here we are this woman says, waiting here like beggars to withdraw our own money. greece's new economic turmoil spread all the way to wall street where u.s. stocks dropped in early trading. markets sank even deeper across europe. french president francois is urging greece to stay united with europe, saying he believes their financial future could still be saved. greece loses access to more than $8 billion in loans when their international rescue plan expires tuesday. european creditors have offered

international boots alliance does have overseas sales plus walgreens and cvs are both members of the s&p 500, which means they will both be swept down by the derivative dominos of greeceecause they are in the s&p 500 futures. ask yourself, is it possible the stock of rite aid can go higher if the stock of its two biggest competitors are getting pummelled by financial interests that link them to greece even though they shouldn't? frankly, it's inconceivable rite aid could go up in that situation. it has to go down. if the two biggest drugstore chains go down you think rite aid stocks going up? it's going down. they are all the same cohort. back to the original query, what does greece have to do with the rite aid stock, and the answer is sadly, everything. i say sadly, because it sure wasn't like this 30 years ago, because then logic played much more of a role and collateral damage was pretty much nonexistent. now that you understand the relationship of rite aid to greece let's talk about opportunity. one day greece may default, but won't default the day after that and day after that it's a one-day event. it will be a scare that greece will bleed beyond what happens the

and greece missed building institutions, codes of thousands a thousand years under the byzantine and 500 years under the ottoman's empire's boot mistrust of government, the state is the enemy. a culture of tax evasion, weak civilian institutions and really this financial crisis we're seeing as severe as it is, it's really part of a crisis, and back to vladimir putin culturally greece in spite of pride in being part of europe is closer to russia know the only because of the orthodox religion, but because they were divorced from european developments for so long. putin is looking to make miss cleave. and tsipras is closer to putin than-- >> i'm a history buff and glad you walked us through that. i imagine putin saying are' part of that, but they let you down. and pipelines coming through turkey, and what could they promise them and offer them in terms of money? ultimately that's going to be the solution. >> well putin still has some financial resources. and obviously, he could offer cheap fuel and gas as well. it's important to understand that putin does not want greece out of nato. he wants greece in nato making mischief on gum

enough to have the jack boot on their throat of austerity but it has to be in combination with doing something in the debt burden. in nobody's interest, not creditors, not greece'sve the way it is continued. puerto rico, same thing. puerto rico to me is getting its ducks in a row a lot better. they're calling for overall workout. not taking quote-unquote bailout money which is borrowing money to pay interest on debt they can't afford in the first place. you can't get blood from a stone. in corporate america financial markets like it when borrowers clean up the act operationally and -- ought be to same thing on grander scale. maria: greece exactly what we're seeing, tony. you're seeing capital controls in place. people are unable to take out more than $66 per day out of their atm and we're going to see a referendum where cyprus asked the people, you tell us, are you willing to leave the euro at this point. what do you think happens. >> i don't they leave the euro. i don't think it is in anybody's interest that peter says this devolves into absolute financial chaos. what this 66 will do, will accelerate the information of the individual. they will go to the refere