Monday, June 20, 2011

If You Said "Greece," Congratulations! You Win The Global Economic Dead Pool!

Greek PM warns against 'catastrophic' default  Video and article from Al Jazeera.

Al Jazeera's Tim Friend, reporting from the capital, Athens, said: "The anger is deep and (protesters) resent having to pay the price for the mistakes of others as they see it, the mistakes of banks and financiers."

"The problem for the politicians here is they're being dictated to by the International Monetary Fund and events now taking place elsewhere in Europe with the euro zone finance ministers," our correspondent said.


"They are the ones now calling the shots. The Greeks really are having to simply comply and do what they say."

Crisis point for Greece as it gets loan to stave off default  What will the people do when the banks and government openly defy their wishes?  Well, they're Greek, so the logical answer "Take to the streets!."  Will this event devolve into riots, fighting, insurrection, or worse?  At the moment, Greece's situation looks inevitable, and looks like a Worst Case Scenario no matter the direction.

Everything's getting hotter; everywhere.  Greece is just the opening song of the opening act.

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