Friday, June 17, 2011

Rachel Donadio, NYT News Service: "Greek Turmoil Raises Fears on Instability Around Europe" @ Truthout

A Greek economist reported last night on BBC radio that the current "Socialist" government, headed by the current prime minister had established a policy that made payments to the IMF and the EU a priority over paying civil servants. Sorry didn't get the hot link to the interview. However, later in the evening (this early morning) Bloomberg News reported via a local right wing Fox affiliate AM radio station another perspective, that a possible decision to break up the current coalition government in Greece, could signal a default and another major panic in global stock markets.

How far could this go? Readers are strongly encouraged to listen to George Kenney's latest podcast from Electric Politics.

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