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The Total Collapse Of The Greek Banking System And Complete Chaos
from KingWorldNews:
Last night it became clear that the purported Greece can-kick that had gotten everyone so excited on Monday was another air ball (to mix my recreation metaphors). And so the financial soap opera continues. I have made a point about not having an opinion about all of this because — as I have noted many times — whatever compromise or can-kick that occurred would come down to the last minute.
The Total Collapse Of The Greek Banking System And Complete Chaos
Thus, I have not had much of an opinion, nor have I had any interest in putting up any dollars to speculate on an outcome. Nonetheless, I have assumed that a compromise would get worked out, and that still seems like the highest probability event. Having said that, it is not impossible that complacency, haggling, and the inertia of bureaucracies, not to mention opposing opinions, prevents something from getting done and a default takes place, which would almost certainly guarantee a collapse of the Greek banking system and all sorts of chaos.
