Monday, May 10, 2010

Too Greek To Fail?

Angela Merkel's government paid the price yesterday for the Greek bailout by losing a crucial byelection back home in Germany - but that's minor in comparison to what's coming.  Here's a prediction.  The Greek people find out the details of the austerity measures demanded by the IMF and the EU on Wednesday.  Riots ensue.  Eventually the Greek government falls.  Eventually Greece defaults and/or Greece is kicked out of the EU.  This will end badly.  You heard it here first.