..."the euro is “practically dead” and Europe faces a financial earthquake from a Greek default"... “The euro is beyond rescue”... “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”...."A Greek default will trigger an immediate “magnitude 10” earthquake across Europe."..."Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty “within minutes.”
Road Map to Orderly Default Keeping Greece in Euro
We've gone beyond worrying about death to focusing on minimizing the mess. - Jenna Orkin
Couple that announcement with this: US a Bigger Mess Than Europe: Investor Jim Rogers - Jenna Orkin
"It's just going to make the eventual collapse even worse, because they're not dealing with the problems," he said. "The solution for too much debt is not more debt - although that's what they seem to think it is."
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