But if greece does go bankruptcy or decides to leave the 19nation eurozone the greek debt crisis is certainly certainly going to create incredible instability. Including here in the United States. And theres also an option of greece deciding to test the willingness of aggressive regimes in russia or china to bail them out should talks with europe and the imf fail. For all of those reasons, investors hopeful that a deal will emerge in the days ahead that will prevent greece from leaving the eurozone. 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. Its 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 atms 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 countrys 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 from defaulting on a massive loan repayment to the imf and still floating a variety of bailout plans including one they recently walked away from. In the German Parliament chancellor Angela Merkel said talks would not resume until the referendum was over. She too is defiant. Yes, these are turbulent days a lot at stake, the world is watching us but the future of europe is not at stake. Reporter many here are worried about the fallout from the political faceoff. So this game of chicken that the finance minister and the Prime Minister are playing they could play it for their own money in vegas, not with the greek community. Reporter this athens travel agent is one of many in the community at risk. Greeces tourist rate is suffering so are the people. We dont feel very well we dont feel safe. This is bad. Reporter eurozone finance ministers met to examine another bailout proposal from the greek government. They would have to wait until after sundays referendum to consider it. The eu singing the same handbook, lou . Lou greg palkot from athens. The greeks not the only ones on the verge of economic collapse. Puerto rico much closer to home, and governor is warning the island cant pay its 72 billion in debt. A glimmer of good news today. One group of bond holders in puerto rico reaching a settlement with the government over a more than 400 million payment due today a positive step but puerto rican officials struggling with the 72 billion in bond debt, more than 50 billion in retirees obligations. The islands governor is pushing to allow the public entities to file for chapter nine to escape a significant portion of liabilities. Well discuss puerto rico and greece coming up in just moments with wall street Journal Business editor dennis burman. Another caribbean island in the news president obama announced the United States and cuba are opening embassies in one anothers capitals. Thats the latest step in mr. Obamas unilateral decision to end a half century of frozen relations with the communist castro regime. Fox News White House correspondent kevin corke with our report. Reporter rarely have so few words ushered in so much change. Today, i can announce that the United States has agreed to formally reestablish diplomatic relations with the republic of cuba. Reporter with that president obama placed an historic bet that more engagement with the communist nation will usher in an era of friendship between countries separated by a mere 90 miles and seemingly worlds apart. A choice between the future and the past. Americans and cubans alike are ready to move forward. Reporter in letters exchanged by the president and cuban leader raul castro, the Companies Agree to thaw a diplomatic freeze but plans for embassies opening in havana and washington later this month. A seismic policy shift felt as far away as vienna, austria john kerry called it a bold move. President obama made a personal fundamental decision to change a policy that didnt work. Reporter relation between washington and havana have been warming for more than a year. In april at the summit of the americas in panama. The countrys leaders spoke of burying the pain of distrust for the past. For many, that pain and distrust remains very much alive. Florida senator marco rubio said i intend to oppose the confirmation of ambassador to cuba. Fellow gop president ial candidate jeb bush tweeted this july 4th, reports of a new u. S. Embassy in havana will legitimize repression in cuba, not promote the cause of freedom and democracy. Analysts say without changes any relationship with the island is tainted. This is a big mistake we should not be reestablishing relations with the totalitarian regime. I dont think we should have to lower standards in order to raise flag in havana. Reporter the president would love to go to cuba before the end of his presidency. If that happen hell be the first to do that since Calvin Coolidge in 1928. Kevin corke, fox news. Lou to the ever deepening Hillary Clinton email scandal. The state Department Released 3,000 pages of the former secretary of states emails. Among the revelations, president obamas top aides, including former white house chief of staff rahm emanuel and top strategist David Axelrod knew in 2009 clinton was using a personal email account for government correspondence. That despite axelrod having said this earlier this month. I confess, i didnt i was there i was the Senior Adviser i didnt know that. If you did find out when you were there, if you did find out when you were there, would you say whoa, wait a minute, guys should we all talk about this . I might have asked a few questions about that. Lou well the emails reveal how mrs. Clinton struggled to fit into the Obama Administration and the white house. In an email to two of her aides clinton was actually unsure whether the white house held a Cabinet Meeting writing quote she also had trouble with fax machines writing in 2009 well be taking up the clinton email scandal with National Review opinion editor patrick brennan, the daily mails francesca chambers. Well be right back. With the United States learn from europes long fair with socialism . Well take that up here next. Fishermen in North Carolina think they have an amazing catch until they find out whats get excited for the 1989 world tour with exclusive behind the scenes footage all of taylor swifts music videos interviews, and more. Xfinity is the destination for all things taylor swift. Lou breaking news tonight the Justice Department has just confirmed its investigating whether the nations airlines are colluding to keep air fares high, specifically whether the airlines have illegally signaled to one another how quickly they will add new flights, routes and seats in order to command higher air fares. Airlines main trade group denying the charge. 80 of this countrys air traffic is concentrated among four major carriers. American, united, delta southwest. And over the past five years, the total number of seats on sale for domestic flights virtually flat. The number of passengers up 5 in the past year alone. Hence the concerns on the part of the Justice Department that seats seat capacity is being constrained perhaps artificially, perhaps illegally. We seem to be witnessing the resurgence of the political embargo and boycott in this country. Take for example donald trump after his comments on illegal immigration here, has been facing an allout boycott. First univision dropping him, then nbc fired him, macys is pulling the plug on his clothing line. The lesson . If you do not towe the prevailing political line your livelihood is on the line. Boycotting banning and burning the flag, tv land even yanked reruns of dukes of hazzard, retailers dont sell it anymore though the same retailers are happily selling you a nazi swastika or communist red star. Tens of millions of people died under those symbols. Dont they know . And religious symbols seem to be relic. An Oklahoma Court ruled the Ten Commandments monument at the State Capitol must be removed. The atheists dont like it. Political correctness run amok or running things . As Jerry Seinfeld said, its killing comedy thats no laughing matter. Be sure to vote in our poll tonight from donald trump to the Confederate Flag to christianity is this americas political sanction embargo and boycott. Is it at hand . Cast your vote at loudobbs. Com. Turning to greece the nation of 11 Million People joining the ranks of somalia, sudan and most recently zimbabwe after defaulting on a payment to the imf. Joining us to talk about the impact on the Global Economy and let me be parochial on our markets in particular were joined by dennis berman, from the wall street journal, good to have you. Thank you, lou. Lou this is a tough one, the market rallies on the view that the Prime Minister tsipras recanted all of his bully boy antics and would now be contrite before the august power of the imf and the European Union. And yet the markets retreated knowing perhaps that the Prime Minister did not have the support of his creditors. So inside the wall street journal our heads are snapping back and forth, lou, because we cant keep track of everything thats happening because even the principals dont know whats happening. Lou as we look at total debt here for greece, its stunning. Theres no way that the imf didnt understand when they opened this tunnel for greece a few years ago that there was no way they could pay this money back without forfeiting payments to someone else or deferring them. So is there some blame here on the part of the imf, the European Union, the European Central bank . Plenty of blame that goes back to the inclusion of greece in the whole experiment the whole european experiment. If you really want to talk about blame. Yes, there is blame there, and have to remember whats going on politically in the other nations inside europe inside germany or inside france, they want to see their money repaid at least in france in particular theyre having their own hard times. If you are asking people if youre giving people money, what might be perceived as free you want to pay back politically inside germany and france. Lou is this a moment of reckoning in your judgment, dennis for the eu . The eurozone is in difficult, defendant times. Its economy is not performing. The promise of the vaunted eu is a power and the euro as a currency, it is taking the hammer. You see the euro about 1. 11 today. Im going to take a contrarian view, lou, i dont view it as a moment of reckoning as we want to cover it as summit weve been having the discussions about greece since 2010 2011 and theyve been going on and on and on. Is the euro going to crumble . No. Might it long term . Yes. Right now theyre going to kick the can and kick the can, by monday, we still dont know whats going to happen to greece, and its going to take a long time until we finally do. Ill be here in september, and well be talking about it. Lou now you need to be back with us monday. Okay i will. Lou thats a sincere invitation. I do think this the likelihood of cans being kicked rises exponentially to the dimension of the crisis kick the can is a global phenomenon on the part of politicians. It is in puerto rico as well. Lou you have the odds in your favor puerto rico 72 billion, the new governor says we cant do this. Going to be fascinating in congress what happens with puerto rico. We know where the democrats are going to come out on that. Im not a political person, i dont cover politics. The real interesting thing is how the Political Party plays out inside congress. Lou this is 2015, 2016, its a president ial election year, im thinking republicans are going to be easily persuadeed. You think so . I disagree. We know where puerto rico votes. They have nothing to gain so i think theyll play it tougher than you imagine. Lou then i can just see puerto rico is the new avatar for hispanic america and the way in which the republicans will have to deal with that. Thats a reasonable point too. Lou i got one out of a bunch you had a bunch out of a bunch. We appreciate your time. Look forward to it. Lou a former Law Enforcement official says last nights fire that destroyed a church in South Carolina was not arson after all. Federal investigators suspect lightning caused the fire at Mount Zion African Episcopal Church in greeleyville. Eight other fire and a massacre that killed nine people last month. Three of the fires have been ruled arson. One ruled an electrical problem, the others still under investigation. Another shark attack in North Carolina. Another one. This is the states seventh shark attack since last month. A man in his 60s suffering wounds to rib cage, lower leg, hip both hands as he tried to fight off the shark in waistdeep water on ocracoke island. Earlier this week a North Carolina woman was at a beach when she saw three men reel in a sevenfootlong bull shark. Men snapped pictures with the shark before they released it out back into the sea. That gesture wasnt reciprocated. Up next, president obamas seemingly good fortune. And china says there is nothing to hide in island building projects in the south china sea. These pictures say, well maybe not. That story, a lot more coming up here tonight. Stay with us. My School Reunions coming fast. Could be bad. Could be a blast. Cant find a single thing to wear. Will they be looking at my hair . Wont be the same without you bro. When you go this summer, go to the new choicehotels. Com and when you stay twice get a free 50 gift card. Book now at choicehotels. Com running my own shop has been brutal. But then i got a domain and built my website all at godaddy. Now i look so professional i just got my first customer who isnt related to me. Get a domain website and email starting at 1 month all at godaddy. Push your enterprise and you can move the world. But to get from the old way to the new youll need the right it infrastructure. From a partner who knows how to make your enterprise more agile, borderless and secure. Hp helps business move on all the possibilities of today. And stay ready for everything that is still to come. Lou a few kind thoughts if i may on our inexplicable president. Barack obama, a man who parlayed his nondescript jobs as Illinois State senator and Chicago Community organizer into a seat in the u. S. Senate and four years later to the presidency of the United States. President obama could almost be forgiven for not believing in what we call american exaccept theualism. Exceptualism isnt the hallmark of his life story nor his presidency. This president is smart, and hes sure enough fortunate. Smart enough three years ago to let the Supreme Court as it heard the first major case on obamacare, redefine fines as taxes despite the administrations insistence throughout the case and the pleadings before the high court that the coercive penalties were indeed fines. Nope ruled the court. They are taxes. And in last weeks decision chief Justice Roberts and his colleagues ruled that four words established by the state mean absolutely nothing and then wrote 21 pages to explain how it could be that those four words mean absolutely nothing. So in the first obamacare case the court ruled that the language of the statute and the clear intent of authors meant nothing, and in the second case, that language again Means Nothing but intent is everything. Who could have known chief Justice Roberts and his compadres would go so far to help a guy out. President obama yesterday was asked if last week was his best week ever . Given Supreme Court rulings on obamacare and samesex marriage as well as a victory on trade agenda. This is what he said. In many ways last week was a culmination of a lot of work weve been doing since i came into office. Were going to squeeze every last ounce of progress that we can make when i had the privilege as long as i had the privilege of holding this office. Lou the thing that bothered me there did you notice how long it took him to come up with the term progress with what hes doing. I dont know about you im starting to think hes about exceptionalism. The republican candidates of 2016 had better be studying this president and better be taking notes. Now the quotation of the evening from gonzo journalist and author hunter s. Thompson on the role of good fortune and how it must be played we know somebody who has. Were coming right back. President obamas rushed