Friday, October 19, 2012

Grexit still a possibility

Protest have erupted in Greece over Austerity measures and have heightened after Chancellor Angela Merkel's vistit.   Merkel has been a long time critic of Greece and it's inability to meet it's fiscal targets.  She is very much hated in Greece.
Her visit was met with wide-scale massive protest that have in some cases turned violent with protesters pelting Greece police with homemade maltalv firebombs.

Protesters burned swastikas and chanted “Merkel, out of Greece!” Greek unions have also called for a 24 hr strike.
Greece is plagued with Wiemar Republic like unemployment.   

Neal Vanderstelt - Currency Analyst
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