Greeks are preparing for the worst

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With an election looming at the end of the week – Greeks are preparing for the worst-case scenario: an exit from the euro and an ensuing economic crisis. Polls show that the leftist SYRIZA Party, which is against austerity and wants to cancel the Greek bailout, is winning by a slim margin heading into Sunday’s election.

A SYRIZA Party victory could mean the end of Greece and the Eurozone. Bankers in Greece say that as many as one billion euros a day are being withdrawn from Greek banks and used to stock up on food like pasta and canned goods. Whatever the pain a Eurozone exist might bring to Greece – it can be worse than five years of recession and austerity that has pushed the Greek people to the brink and forced many to literally commit suicide. It’s time to just rip the band aid off.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Dec. 29, 2009 10:59 am


SYRIZA took second place; no party has the majority. If they can't form a government, there will be another, third, election. That Samaras guy seems more worried about "Europe" than Greece. Spain is getting much better conditions than Greece or Ireland. I guess the little guys get beat up.

nimblecivet's picture
Jul. 31, 2007 4:01 pm

Income Inequality Has Gone Up

The chairman of the White House Council of Economic Advisers, Jason Furman, recently wrote in the Washington Post that "Last year saw the largest single-year reduction in poverty since the 1960s."

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