EU? a cold shiver just went down my back...
Waiting for the EU (Greece) Tsunami
I suggest that you batten down the hatches and make sure that your life insurance premiums are up to date. I saw 60 Minutes on Sunday, and stories about the Greece default and the future of the EU are rather commonplace. What gave me that faintly queasy feeling in the pit of my stomach were the comments that Germany's Angela Merkel is viewed by Greeks as out of the same playbook as Nazi Germany and Adolf Hitler. There were many cartoons, unbeknownst to me, equating Germany and the EU to the Third Reich.
You see, memories of Nazi abuse during WW2 are still fresh in the minds of Greeks. The current EU crisis and demands upon Greece are being viewed, understandably, as not dissimilar. The true level of hatred of Germany as the economic drum majorette by Greeks is, I think, underestimated by us Fools. A sovereign default by Greece will happen, and it is difficult to imagine an amical resolution.
When the Hellenistic doo-doo hits the fan, it might shred the EU and take the world economy with it. I hope that I am being unnecessarily paranoid, but I have a bad feeling about this.