Sunday, February 7, 2010

How a Greek default could cause a run on the European banking system

http://beforeitsnews.com/story/16160/The_Coming_Euro_Collapse-_How_a_Greek_defualt_could_cause_a_run_on_the_European_banking_system.html

now we're in trouble when we're told that the economic problems in Greece, Portugal and Spain, the most indebted countries in the euro zone, are likely to remain safely contained in those nations... http://www.nytimes.com/2010/02/07/business/economy/07gret.html

If Greece wants to avoid an Argentine-style meltdown, it needs to stay clear of the restructurings and IMF programmes... http://www.guardian.co.uk/commentisfree/2010/feb/07/greece-default-debt-eu/print