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Greece on Fire – Global Financial Disaster Looms, Euro Or Not
As the global financial markets continue on their downward spiral mass anti-austerity protests sweep across Europe as a financial disaster looms.
Last week was a truly hectic one for the EU, with violent anti-austerity demos and political deadlock again casting doubts over the future of the euro. In Spain, as many as hundreds of thousands marched in nationwide protest. They chanted slogans and waved banners demanding an end to cuts and painful austerity. In Italy, violent anti-austerity clashes erupted in the city of Naples, after yet another suicide apparently caused by an aggressive government taxation program. But above all that, is the political turmoil in Greece. There, a last-ditch effort to form a coalition has all but collapsed over differences on austerity and bailout terms. The country now looks likely to stage new elections.
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