On Tuesday, the National Bank of Greece warned that a Greek exit from the euro – could slash individual Greeks’ incomes by half – and increase unemployment to 34-percent. These sort of doom and gloom projections from economists and bankers around Europe have led to many Greeks re-thinking their support for the anti-austerity SYRIZA party which up until recently held the lead in polls before next month’s June 17th election.
Should SYRIZA win – a Greek exit from the euro is virtually guaranteed. But now – the pro-austerity Conservative party New Democracy is leading in the polls – which is exactly what the banksters want. Keep an eye on this election – which will pit democracy against austerity.