Greece »


Watch: Greeks Fight For Food: “I Never Imagined That I Would End Up Here”

Once a bastion of European success and center of tourism, the country of Greece has become the harbinger of things to come for the rest of the world’s developed nations. Not long ago Greeks were enjoying high paid salaries, early retirements, excess cash, and seemingly never ending economic growth.

Desperation: Greece To Allow Sale of Expired Foods to Citizens

In just a few years we’ve seen the country of Greece go from being a popular tourist destination in one of the world’s largest economic regions, to being on the brink of complete and utter collapse. With untold billions in private and public sector debt, the situation in Greece (and other debt laden European countries like Spain and Italy) has devolved to such an extent that some EU member nations are mobilizing their military personnel in preparation for full spectrum meltdown across the entire region.

Euro crisis far from over, stock analysts warn

A slim victory for the main conservative party in an election in Greece should relax fears that a country will stop using the euro for the first time and possibly unleash global financial turmoil. But when it comes to Greek politics – and European economic policy – it’s never that easy. So the bumpy ride for financial markets isn’t over yet.

Report: Insider Documents Detail a March 23 Greek Default Plan; Gov to Freeze Bank Accounts, Eliminate Euro, Restrict Capital Flow

That a default in Europe is coming has never been the question. For the astute observer the only thing at issue is how and when it will happen.  While the mainstream financial media and government officials have tried to spin this story as one that involves only Greek debt, the fact of the matter is that this isn’t isolated to a single country. Italy, Portugal, Ireland and most other European countries are in exactly the same boat.