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|Obama: 'New chapter' begins as U.S., Cuba to open embassies|
President Obama announced the U.S. and Cuba are opening embassies in their respective capitals later this month and formally reestablished diplomatic relations between the two countries for the first time in more than 50 years. "More than 54 years ago at the height of the cold war, the United States closed its embassy in Havana. Today, I can announce that the United States has agreed to formally reestablish diplomatic relations with the republic of Cuba and re-open embassies in our respective countries," the president said in the Rose Garden today.
|What could happen if Greece leaves European Union?|
If Greece and its 11 million people left the European Union, it would be an unprecedented move within the monetary system that gave birth to the currency known as the euro.A referendum, which has already been criticized as confusing and illegal, scheduled on Sunday will help determine whether a "Grexit" -- Greek exit -- from the 19-nation currency bloc could become a reality. Earlier this week, the government issued a maximum cash withdrawal for Greek residents at 60 euros. But due to the shortage of 20-euro banknotes, people mostly have access to 50-euro banknotes. ...