John Paulson says Greece may default, causing Euro breakup. He manages a $23 billion hedge fund and says a Greece default could happen by the end of March.
“We believe a Greek payment default could be a greater shock to the system than Lehman’s failure, immediately causing global economies to contract and markets to decline.” The euro is “structurally flawed and will likely eventually unravel.”
Greek president (and Nazi resistance fighter) lashes out at “German boot” for pushing country to the brink
“I think we’re heading for a revolution of some kind in Greece,” says European parliament member Nigel Farage.
“Violence and destruction in Greece that you saw on Sunday is being caused directly because people have had their democratic rights taken from them. What else can they do? If I was a Greek citizen I would have been out there joining those protests. I would be out there trying to bring down this monstrosity that has been put upon those people. …. Greece being driven into the ground and quite frankly when it comes to chaos, you ain’t seen nothing yet.”