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Nov 8, 2015

GREECE ON THE BRINK OF POLITICAL, SOCIAL ECONOMIC AND FINANCIAL MELTDOWN

by Jane Burgermeister


Greece is heading towards a chaotic default and exit from the Eurozone as eurogroupe finance ministers refuse to back down on plans which could leave  hundreds of thousands of Greek families homeless by making the foreclosure of primary residences easier.

It must be clear to any politician in Europe who still has a half a brain cell left that leaving hundreds of thousands of Greek families homeless will add to the massive political instability engulfing Europe, and is, therefore, highly undesirable. Forcing Greece into a chaotic default and exit from the eurozone without plans for a Drachma will also cause massive political instability.  But are there any politicians in Europe left? Or are we run by puppets of US banks?

After six years of fractional reserve banking austerity, Greece is also running the risk of being left without any major enterprises, exports or production, the president of the Hellenic Federation of Enterprises (SEV), Theodoros Fessas, warned on Thursday.