There is significant sentiment within the Greek people wanting a default.
In a surprise move, Prime Minister George A. Papandreou announced he is not agreeing to the “Aid” package and instead put it to a popular vote – as to whether Greece wants to become the slave property of German and French banks.
The European markets are in turmoil today.
Greece! Cease Fire or we start dropping bombs 5 minutes ago! We must protect the Greek people from their out of control government!
The Euro is down about 4% so far, which should mirror how far the dow is going to fall (due to the forex change, not fundamentals of the US Economy)
About a century AD, Greek historian Plutarch wrote that, “We should not give power to an uneducated man.” Nobody reads Plutarch, it seems.
The Greece PM has withdrawn the idea of a vote in January. He hoped to shore up his government by forming an alliance with Antonis Samaras, who is “Center Right” in Greek politics, which means maybe he isn’t a Communist.
Antonis Samaras walked out of parliament in protest.
The train has left the station.
Italy is next in line.