Bank runs and a possible stock market crash... who didn't see this coming? Apparently a lot of people.
I've been saying it for probably at least five years. Greece is broke. They were broke yesterday and they will still be broke tomorrow. The money just aint there. There are a lot of reasons for this clusterbleep - the Euro was a
horrible idea, the predatory way the emergency loans were structured
etc. But the bottom line is that this is a Greek tragedy mostly of their
own making. You can’t run a country that promises everyone a minimum
standard of living and government pensions for all while no one pays
“The problem with socialism is that sooner or later you run out of
other people’s money to spend. “ -Margaret (Baroness) Thatcher