The average Greek on the street isn’t wild about the new austerity measures being proposed by the IMF and EU that are considering bailing out their government.
Demonstrators set fire to a bank and three bank employees died.
“Greece is a unique and particular case in the EU” because of its “precarious debt dynamics” and because it “has cheated with its statistics for years and years,” EU Commissioner Olli Rehn said.
But investment guru Doug Casey predicts civil unrest world-wide as the Greater Depression takes hold.
I fully expect civil unrest to spread everywhere, simply because the depression will spread everywhere. It will be worst in places that have been most overextended, most debt leveraged, most urban, and have the largest numbers of unemployed workers — the U.S., Europe, and China.
