Greek Trader Tells Us The State Of Things, And Explains Why The Worst Is Yet To Come

October 25, 2011 05:36

The painful part of austerity hasn’t even hit yet, nobody in Europe has any idea what’s going on, and social strife, if it seems bad now, will become a daily issue.

From Business Insider


Meantime, keep in mind that most recent govt decisions and measures, including those voted for this past Thursday, have not yet been implemented.

Even the additional taxes on income and property that have been levied, have in large part not yet been invoiced due to apparent software glitches related to printing the relevant forms.

One can only reasonably expect, therefore, that social tensions and revolt will increase as what today still remains merely expectations stemming from govt announcements, turn into daily reality.

Everybody concerned seems to be improvising and to be engaged in some kind of erratic trial and error proceedings.


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