Are these financials stock charts telling the classic tale of "where there's smoke there's fire"?
Unless someone has been hiding under a rock, and even then, we are all well aware of what is going on inside the
EU financial crisis and specifically, for at least the time being, the epicenter that is
Greece.
There is anecdotal evidence (or even worse, actual evidence) of a
run on the Greek banks, new
Greece elections occurring in June that may ultimately force
Greece out of the
EU and, if that happens, the potential for an accelerated
run on banks along with a buyers strike on
sovereign bonds in countries such as
Spain, Italy and France to name just three.
The hypothesis is that if
Greece is out of the
EU, what is to stop these other countries from being forced out as well?
Read the rest of the story at
The Political Commentator here.
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