Greeks are preparing for the worst

2 posts / 0 new

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 Bankers in Greece say that as many as one billion euros a day are being withdrawn from Greek banks and used to stock up on food like pasta and canned goods.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...
Joined:
Dec. 29, 2009 10:59 am

Comments

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.

http://news.yahoo.com/conservatives-greece-must-form-govt-time-111113382--finance.html

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

Currently Chatting

What’s the Difference Between Cancer and Donald Trump?

So-called “free market" or "unregulated capitalism” is really nothing more than the cancer-stage of capitalism. And that uninhibited cancerous growth has spread, so that now even our political system is infected with the cancer of corporatism.

Donald Trump’s candidacy is an example of how our political system is being eaten alive by the cancer-stage of capitalism.

Powered by Drupal, an open source content management system