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Greece may default, Ireland can’t sell more debt, Spain may fess up to hiding debt. Norway has frozen loans to Greece. Protests against banks are spreading. The banksters may no longer be able to force countries to pay for bonds that banks knew were dicey and never should have bought in the first place. [...] Spain protest. juanlusanchez, yfrog The protests are spreading to Italy too. Good. May the protests spread to the entire Eurozone and bring down the corrupt edifice called international banking. When the Iceland banking crisis happened, Iceland choose not to be ground under the boot heel of the banks and be indebted for years to [...] We’re talking sovereign debt defaults now. El-Erian [CEO of bond management giant Pimco], in so many words, says Greece will default. Krugman is talking about the real possibility of unwinding the euro and ends his piece with: “I think I’ll go hide under the table now.” That’s some seriously gloomy language from arguably the most [...] |  | ||||
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