Crisis!On the CBS Evening News tonight:
ANCHOR: Major banks in New York and London are on alert this weekend, ahead of tomorrow's crucial elections in Greec. Crisis committees are standing by for a possible leftist victory that would likely send shock waves throughout the world financial system. ...
REPORTER:... European leaders have pumped hundreds of billions of dollars into Greece with the understanding that Greece would adhere to strict austerity measures and make important structural reforms. And the fear is that a victory for [the] leftist candidate ... would mean that Greece might very well renege on that agreement ...
Has Greece received hundreds of billions of dollars? Most reports put the figure at less than $200 billion.
In any event, the division is clear. Banks on one side, leftist parties on the other. And now the battle is set to begin.
posted by Quiddity at 6/16/2012 05:52:00 PM
funny thing is the current value of all the gold in Ft Knox is around $200B.
Just to put the problem into perspective.
Is Troy throwing his weight around or just horsing around? (Just kidding; couldn't resist.)
They do worship the Greeks don't they? Gambling their money for the Greece election without knowing if its a success. Very stupid, indeed.
