. >> allen cooperman thank you very much for joining us. up next, greece on the edge of financial chaos. greek banks are closed and little cash to go around. greece may be in debt but it could be america's problem, we'll explain when we come back. >> the greek tragedy we've been talking about on this show for months is heading for a dramatic climax. it appears that greece will fail so pay 1.8 billion it owes to the imf on tuesday. greek prime minister alexis tsipras tried to assure citizens that their money and pensions were safe. negotiations over more bailout money focused on cut to pensions which tsipras declared too burdensome. after talks broke off, he called for a referendum to let greeks decide whether to accept the >> john: terms. john what do you believe? >> endless cycle of debt, more oausterity. they also believe there will be no prospects for them in their personal lives, endorsed by creditors and now by the greek government. they won't be able to come out of university with their degrees, get paid in a satisfactory manner, be a