Saturday, May 19, 2012

The Nightmare Scenario For Greece If It Leaves The Euro Zone



Nightmare Foretold If Greece Heads For Euro Exit -- Swiss Info

ATHENS/LONDON (Reuters) - In Athens, the homeless are on the streets in growing numbers, soup kitchens feed twice as many people as a year ago, and the poor are diving into garbage bins in search of scrap they can sell.

Greece is close to breaking point as it struggles with austerity targets set by creditors, but this is just a foretaste of the nightmare of unrest, hunger and even anarchy that could engulf the debt-crippled nation if it is forced out of the euro.

Read more ....

My Comment: Even though I had immigrated from the Soviet Union long before it's dissolution .... I stayed there in the summer and fall of 1992 when everything went to hell. Bottom line .... what happened in Russia will also happen in Greece .... high inflation, devaluation of the currency, useless banks, barter, suffering, and for those who do not have family or friends for help .... a disaster .... and it will last a minimum of 2 to 3 years.

At least the Greeks have better weather than what the Russians have.

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