North Korea announced it would be ready for a preemptive strike on the United States and South Korea in case of a threat to security over the two nations’ joint military exercises, state media reported Monday.
According to the statement of the Korean National Defense Commission on the official Korean Central News Agency (KCNA), Pyongang believed the military exercises were a pretext for war.
"A preventive nuclear strike of justice will be carried out in accordance with the order by the Korean People's Army leadership," the statement said, adding that any military action "bringing down North Korea" will be responded with a "a sacred war of justice."
According to the statement, Pyongyang has a military operation plan to liberate south Korea and strike the United States.
" Offensive means have been deployed to put major strike targets in the operation theaters of South Korea within the firing range and the powerful nuclear strike means targeting the US imperialist aggressor forces bases in the Asia-Pacific region and the US mainland are always ready to fire," the statement read.
On Monday, the US military will start regular exercises in South Korea. Held every two years, the exercise involves US and South Korean troops. The United States stepped up efforts at deploying strategic weaponry in South Korea in response to the North Korean violations of UN resolutions.
A meeting is scheduled on Monday where finance ministers of the Eurozone will determine if it is time to complete a review of Greek economic plans, which has been delayed multiple times because of disagreement regarding how much money Athens needs to cut from public spending.
According to the former finance minister of Greece Gikas Hordouvelis, the situation is "now more dangerous than it was last summer."
"Then it [reforms] was a question of the political will of a few people, now it's a question of implementing reforms and working hard, and if a government doesn't believe in them and implements them begrudgingly, progress becomes very difficult,"he said, according to The Guardian.
Measures in question become more and more explosive as time passes. As Greek ministers expect the IMF to ‘become more reasonable', the IMF itself expects Greece to implement measures worth €9 billion(£6.96 billion), or 4.5 percent of GDP, if it is to meet an agreed budget surplus of 3.5 percent in the years ahead. To put long story short, Greece won't be able to do that, unless its debts are relieved or the pensions are cut. While the former outcome is deemed unthinkable for the IMF, pension cuts are out of the question for the Greek government.
So Greece's exit of the eurozone (the ‘Grexit') is seen by bankers and businessmen as a way to solve problems and is being discussed more and more openly. The probable effect of Grexit remains largely undetermined, ranging from an extreme boost of exports, tourism and internal economic encouragement to a dramatic fall in living standards of Greek citizens. The important part is that, mixed with Brexit, Grexit will most likely cause catastrophic and mostly unpredictable consequences to the whole European Union, which could possibly go as far as to the ceasing of the EU's existence as a whole.