Greece's finance minister accused creditors of trying to "terrorize" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced out of the euro after a referendum on Sunday on bailout terms. After a week in which Greece defaulted, shuttered its banks and began rationing cash, Greeks vote on Sunday on whether to accept or reject tough conditions sought by international creditors to extend a lending lifeline that has kept the debt-stricken country afloat. The left-wing government is urging a 'No' vote, saying Greece's European partners are bluffing when they warn that would mean a Greek departure from Europe's single currency, with unforeseeable consequences for Greece, Europe and the global economy.
It's sultry early July and an emotional Jean-Claude Juncker is on the stump, calling for a 'Yes' vote in a referendum on which he says hangs the future of Europe - and his own career. "A 'Yes' ... would have a significance ... well beyond Europe," he tells voters. This was 2005 and Juncker was addressing his fellow Luxemburgers.
The combination will push Aetna close to Anthem Inc's (ANTM.N) No.2 insurer spot by membership, and would nearly triple Aetna's Medicare Advantage business. The deal will face antitrust scrutiny but if it goes through it would dwarf the previous largest insurance deal announced just this week, where Swiss property and casualty giant ACE Ltd (ACE.N) announced it was buying Chubb Corp (CB.N) for $28 billion.