greg palkot live in athens as soon as you get the firm numbers on this critical vote. greg thanks very much. >> and we're going to get more on this now from ambassador john bolton a former u.s. ambassador to the u.n. senior fellow at the american enterprise institute and a fox news contributor. ambassador as we know it's very hard to call. greg palkot saying some. local media there predicting that it is a no vote so we start there. if the people of greece vote no it could very well mean no more euro. they go back to the drachma or maybe a newly named currency. if that happens, what might be the domino effect on the euro and perhaps the world economy? >> well i don't think there would be much effect on the euro itself because of the length of time that the greek crisis has gone on. other european countries, other european private banks and financial institutions have taken a lot of their money out of greece. their exposure is not that high. to me the real issue has always been political. if greece were to leave the euro this would be a huge seth back for the european pro

as fox's greg palkot reports the country could now face financial ruin. ♪ >>> thousands of greeks areebrating in the streets of athens after voters rejected referendum that would have brought strictor roster are the measures to the country in exchange for bail out loans. >> i feel great because with a no of the greek people we set a big yes to democracy. >> i believe it is a moral issue. those who voted no did it because they can't take it any more. >> reporter: the vote results leave grease in uncharred water waters waters. possible economic collapse if creditors refuse further aid. several greek leaders hailed the vote as a victory. saying this could be a chance for the country to get a better deal from international creditors. >> today all of us together turned a bright page in modern european history proved under the most difficult circumstances democracy cannot be black mailed. >> reporter: critics say it won't that be easy. noting that 18 other members of the euro zone supported the proposals of the greeks voted down. european particle lamb says there will be difficult times ahe

fox news senior foreign affairs correspondent greg palkot has the latest from athens? >> reporter: life keeps getting harder for the greeks, today it was the retirees turn. some banks closed following the breakdown of talks between greece and the eu were open so elderly without credit cards could get some pensions in cash. it's very difficult. my husband is ill. we have a problem. >> reporter: with the shortage of euro bills the 60 euros or $66 others should be able to withdraw from atm's is now often just 50. late today greek prime minister tsipras went on state tv blaming the eu for the problems saying european union countries are forcing the greeks to vote yes, in a referendum set for sunday on eu bailout terms. the dominance of extreme conservative groups led to the decision to asphyxiate the country's banks with the obvious aim of blackmailing the government and individual citizens. >> reporter: tsipras claims voting no is not against the eu and the euro but eu tactics. pollsters put the no vote ahead of yes with many undecided. this as the government was reeling

senior foreign affairs correspondent greg palkot is in athens again tonight. >> reporter: on the last day of campaigning, those who would vote no in sunday's referendum on whether to accept the terms of a european union debt bailout agreement with greece were out in the center of athens. the polls say the result is too close to call. the greek government of alexis tsipras called the referendum after talks between the e.u. and greece broke down. a few blocks away, those supporting the yes vote to september e.u.'s terms were out as well. they're concerned no means an exit from the euro and the european union. they don't buy tsipras's argument that his bargaining hand with the e.u. will be strengthened. the e.u. agrees. >> the greek position will be dramatically weakened by a no vote. >> reporter: regardless, preparations for the vote continue amid questions. critics say there wasn't enough time for the campaign. a campaign that heavily favored the anti-e.u. government line. right down to the no box being above the nay or yes box on the ballot. the no is feirst and then the yes. i've nev

bret. >> greg palkot live in athens. we'll keep a lookout. >>> back here in washington the obama administration's environmental chief is defiantly vowing to press on with the president's regulation agenda despite last month's setback from the u.s. supreme court. chief legal correspondent shannon bream is here to tell us what the epa is working on right now. >> reporter: bret epa administrator jena mccarthy said she is committed to carrying out the president's climate action plan. frequently sparred with gop lawmakers today over a what that means. weeks ago the supreme court ruled the agency must consider actual costs when rolling out new federal regulations. mccarthy says it's about a lot more than just dollar signs. >> you cannot have climate happen and not pay attention to the costs today, the escalating costs tomorrow and the tremendous benefits if you stand up tall and do what is our moral responsibility. >> reporter: in today's house hearing, democrats argued that low income families are hit hardest by pollution and

greg palkot, thanks very much. >>> celebrating america's birthday.s 239th on this independence day. and the many proud americans who make our country such a great place. we're live at patriots point near charleston, south carolina, where heather childers has been all day long. hi heather. happy 4th. >> yes, happy 4th to you. i hope that you and gregg are having a good time there in new york city. we are having a great time here at patriots point while americans all across the country celebrate in their own way. we're here celebrating in charleston, south carolina. this is the uss yorktown. the ship now houses aircraft that fought wars between world war ii, the korean war and vietnam. listen to what some of the veterans that we spoke with had to say about why they are proud americans. >> i was there and i did it and fought for it and i just know what it's like to be in the mud. >> if you cut me, i would bleed red, white and blue. >> i wouldn't want to live anywhere else. >> i love every single one of them. i could listen to their stories all day long.

bret. >> greg palkot live in athens.keep a lookout. >>> back here in washington the obama administration's environmental chief is defiantly vowing to press on with the president's regulation agenda despite last month's setback from the u.s. supreme court. chief legal correspondent shannon bream is here to tell us what the epa is working on right now. >> reporter: bret epa administrator jena mccarthy said she is committed to carrying out the president's climate action plan. frequently sparred with gop lawmakers today over a what that means. weeks ago the supreme court ruled the agency must consider actual costs when rolling out new federal regulations. mccarthy says it's about a lot more than just dollar signs. >> you cannot have climate happen and not pay attention to the costs today, the escalating costs tomorrow and the tremendous benefits if you stand up tall and do what is our moral responsibility. >> reporter: in today's house hearing, democrats argued that low income families are hit hardest by pollution and relate

fox news's greg palkot is on that island. he joins us by telephone with the very latest. he joins us live on camera, even better with the very latest. >> absolutely, trish. trish: what do we know, greg, about that, what may have happened to that flight? >> well, to that point, trish, the wing fragment or the wing flap found here wednesday was just shipped out at this airport behind me in island nation of reunion in the middle of the ocean. it is being sent up to france for analysis to find out for sure what it really is. officials from both australia and malaysia today have said they're pretty sure it is a part of a boeing 777 and they could be sure that it is part of mh370. the ill-fated malaysia airplane that went down 16 months ago. it will be analyzed over next several days by french officials. there could be a clear fix on that in the next couple of days. this, trish, as the searching goes on for anymore possibilities on the coast, on the beach, in the sea, even in the air. although an erupting volcano at the moment is keeping that search down. some bottles were found

greg palkot live on the scene. he is in athens greece. what is the reaction there greg?er: hey, bill, it is day after that dramatic no vote in yesterday's referendum against eu austerity. now it is down to reality. at banks all over athens today lines remained long. we heard and saw several branches running out of cash. the government is set to extend the closures and cash controls through the end of the week and there is no indication that the european central bank will increase important emergency funding for these banks. this amid new word that greek prime minister alexis tsipras will present a new bailout proposal to e.u. officials on tuesday. but those officials are still talking very tough and a greek exit from the euro looms very large. here is what a few greeks had to say to us today. >> we had already angry and against our government. >> reporter: your government. you think it will not go well? >> worse can not be. >> i think we're all spectators. >> there is to money in the banks but we have to be optimistic. >> hopeful, thank you. >> reporter: hopeful or not?

>> greg palkot live in athens early wednesday morning. greg thank you. >>> much closer to home the u.s. territory of puerto rico is also looking at default and/or bankruptcy. it's staring at tens of billions of dollars in public debt and washington is looking the other way. correspondent phil keating has that story. >> reporter: puerto rico is in an economic death spiral. $72 billion deep and no way out. analysts believe the government of this u.s. territory could run out of cash in the coming weeks. so extraordinary seven-point plan speech last night by the governor was televised live to the island's 3.5 million u.s. citizens calling for shared sacrifice by everyone. and the hardship already felt in this commonwealth on a daily basis, it's about to get worse. pedea wants to raise the sales tax from 7 to 11.5%, lower the minimum wage from 7.25 an hour restructure its loans, defer all payments due for five years, persuade creditors to accept far less money paid back and ask congress to allow puerto rico the ability to file chapter 9 bankrup

. >> greg palkot live in greece. thank you. >>> we're continuing monitor the situation in greece after the country voted no to new bailout terms. stick to fox news fox business fox news.com and foxbusiness.com for the latest news. >>> soccer fever skyrocketing at this hour as the u.s. and japan kick off the world cup final in vancouver, british, columbia. team usa looking for redemption after losing to japan in 2011. brain bryaniyan llenas joins us. >> they're in full effect all across the country as team usa looks for their third world cup title. >> i honestly wore this all day yesterday on the fourth of july so that maybe i could amp up some excitement for the world cup today and i think the american patriotism is going to carry us all the way through. >> i'm super excited to see the women's team get the attention they deserve, especially after the last world cup. it's a really really really exciting day. >> reporter: unbelievable right now, patti ann. carli lloyd has scored another goal a second goal. the fans are

greg palkot made his way to reunion island in the indian ocean and joins us live. greg what are you seeing there? >> reporter: leland as i flew in here today i realized how tiny this island is, how huge the indian ocean is. but this island might have the key to one of the biggest aviation mysteries of all time. of course we're talking about that wing flap that was found on the beach here on wednesday. today, officials in australia and malaysia are saying, looking more and more like it came from a boeing 777 looking more and more like it came from mh370. in fact we have just been told that that plane bit has been put on to a plane, sent back to france and it will be reviewed inspected there. some officials today are saying we could get confirmation as early as tomorrow whether it is malaysia air. our contacts in france are saying more likely it will be on monday. you're right though leland. other items are being found on the beach. those bottles today at least showing how far the current can travel items and yesterday there was a suitcase found but most people are po

. >> thank you very much, greg palkot. the financial future of another place closer to home is also in limbo tonight. officials are warning that the u.s. territory of puerto rico could head down greece's path if it is not allowed to declare bankruptcy. struggling with $72 billion in public debt and roughly $400 million bond payment is due tomorrow. a little good news. sources say puerto rico's struggling power utility and creditors are close to a deal to avoid a possible default on the payment. puerto rico cannot seek emergency funding from an institution because it is a u.s. territory. some economists are saying that leaves bankruptcy as the only financially sound option. we have a whole lot more coming up on the fallout from puerto rico and greece's debt troubles. i'm going to be joined by ronald reagan's former economic adviser art laffer. >>> first another big story happening tonight, iran, the u.s. and other world powers giving themselves seven more days to seal the deal on a nuclear agreement with iran. both sides ho

back to you. >> greg palkot for us over there in greece. what a mess. thanks for keeping an eye on that. >> we'll see how the markets react on monday to greece. also react to puerto rico. lowers to home the island is having its own financial problems. the u.s. territory's governor passed a bill that would allow it to borrow money from some public agencies that will be repaid later. this just one day after they announced that the country is not able to pay it is $72 billion debt. the island is struggling to emerge from a nearly decade long economic slump. >> and there is much more ahead on america's news headquarters. stories of war. how one veteran is helping other vets heal by making sure their voices are heard. it's going to be an historic rematch at the women's world cup finals tomorrow. defending champions japan will once again go up against their number one rival team usa, and who has the advantage going into tomorrow's game? well a couple of soccer stars will join us to break it all down. >> certainly applies to this early fourth of july celebrati

fox news greg palkot is live in athens, greece, greg? >> greta.re is more bad news for the greeks and it all has to do with the the cash strapped banks here. european central bank announced late on monday that it would not be providing any new emergency funding for greek banks. in fact it would tighten the screws a bit more. this as greek authorities said the banks will be staying closed at least another two days a lot of people think it's going to be longer than that. remember, there are cash withdrawals being limited. there are pension payouts that are being cut. we were out at a few banks today, greta. i have got to tell you the anger is rising. directed at the government. directed at brussels. in fact, even directed at us. all this following a shock win by the no camp in sunday's referendum against eu austerity measures. greek prime minister called the vote after walking out of bailout talks a couple of weeks ago. he claims his hand is strengthened in bargaining with the eu and is getting ready to present a new bailout proposal on tuesday at e

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senior foreign affairs correspondent greg palkot has the latest tonight from athens. >> reporter: it's crunch time in the greek de debt crisis. eurozone leaders gathering in brussels for an emergency summit to try to come up with a plan to save greece from going bankrupt and exiting the euro common currency. there is no time to waste. >> translator: what i say is, it is not about weeks anymore. it's about a few days. >> reporter: that's an understatement. angry scenes outside of greek banks tell the tale. even with capital controls in place, banks are run dangerously low of funds. greek businesses hit hard by government cuts are staggering. and while last sunday's referendum win against e.u. austerity measures was what greek prime minister alexis tsipras wanted it could make it harder for him to do a deal. >> with this strong vote it will be very difficult for him to accept deflationary measures and cuts in wages and pensions. >> reporter: tsipras's first compromise since replacing his finance minister hated by the e.u. with a more diplomatic man who attended his first euro group meeti

greg palkot in athens. thank you very much.oining us now with more on tomorrow's crucial vote in greece art lapper a former economic adviser to president ronald reagan. welcome, sir. great to have you on the program today. >> thank you very much uma. it's a pleasure to be here on this july 4th lovely day. >> thank you very much for sharing your insights because i want to ask you about the impact all this is having not just in europe but how it could play out on the global stage. >> well i think what we're seeing literally is the end of a sort of a redistribution. you honestly uma, can't tax people who work and pay people who don't work and expect things to work out all right. it's not working out all right for the u.s. it's for sure not working out all right for greece. they being a welfare state for a very long time. and it's time for them to stop. i agree that i really hope they vote no and get this thing over with and done with right now. but there are lots of other places in the world where this is happening. it's not just

first to greg palkot in athens. >> reporter: here in athens there is a new phrase being used today, social unrest, or the threat of it. this after the shock no referendum win yesterday and the deepening financial crisis today. here's what we saw. anger on the streets athens. last night's jubilation over the no win has now turned into fear. the people here at this bank have just been told the money is running out but they might in the be able to get anymore cash. they are worried about their future. >> remember, the banks are already limiting withdrawals cutting weekly pension payments. several banks in the immediate area ran dry today. some say all the banks could run out of cash in a couple of days. the european central bank does not increase emergency funds and they're no sign of that. the greek prime minister met today to get more backing and replace a controversial finance minister. he is preparing to propose to the eu a new bailout plan he says the "no" vote. there's signs the win could hurt the eu officials who will hold a summit about greece tomorrow, saying it could be harder to ge

>> greg palkot in athens, thank you. >>> more violence in asia where security officials say a roadside bomb killed a child. plus a group tied to isis said it fired three rockets across the border into israel while the they rally the troops. and insurgent groups assault aleppo and syrian troops responding with deadly air strikes. conner powell has the latest from our mideast bureau in jerusalem. >> reporter: significant fighting across syria, rebels connected with al qaeda's affiliate in syria launching a massive attack on aleppo today. reports suggest their progress has been mixed, and amid very fierce fighting rebels seizing several syrian military sites and equipment, but also being pushed back in other areas of aleppo. the stakes are very high in this key city. aleppo is an area that extremely important to the assad regime if it were to lose it would signal a serious weakening of the ability of the syrian government to project its force and military might outside of the sort of maybe city of damascus and into other crucial areas of the country. but nearest damascus the regime troops

we've got greg palkot on the phone. what's going on?dum on whether greece stays inside the european union and goes with the euro or it exits. it's a liberty -- a little bit more complex than that. they are asking voters to vote on the terms of the. turn out, i spoke to one election official is very heavy. i think many people that i've been speaking to i think is that the future of the country is on line today. it's not just this country, as we've been reporting, tucker, all this week. it will have a big impact on the european union. i think everybody knows that the european union is one of the most important international trading partners as well as a strategic ally as well. it affects europe united states and that's why we're watching it here. again, too close to call is what the poll sters are saying. they will be open until 7:00 p.m. greek time. that's noon u.s. eastern time and we should know the results shortly after that. if it is a no that means that greece is continuing to play hard ball with e.u. and e.u. is intim mating they w