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Saturday, June 16, 2012

Most Americans have no clue this weekend figures big in their lives

I imagine if most Americans--coast to coast--were interviewed this weekend, they would have no idea an election is going on in Greece this weekend.

Asked, too, if they thought it could or would have much impact on them or their lives in any way, I'd think most would give a resounding "no."

Quite the opposite is true.

Greece is voting Sunday (imagine that--voting on a weekend) on their leaders. The outcome will likely be huge for Greece, of course, but for all of Europe and European Union... and even for the US.

One government would have them stick with austerity so they can get the money they need from Germany, Angela Merkel and the rest of the EU.

The other would have them do away with what they see as the crushing austerity, walk away from the money and likely walk away from the EU itself.

Let there be no mistake, this weekend is huge for what takes place internationally for the next several months, if not years.

The thing is, though, too, no one can really predict the outcome of the vote, for sure, but of whatever happens, either. No one can really say, with any real authority, what "best path" there is for Greece, let alone the EU and the world.

It's been said--by more than once source, too--that if this doesn't go well, it will make the 2008 financial collapse pale by comparison.

Once again, Margo Channing's quote from "All About Eve" becomes all too relevant:

"Fasten your seatbelts, it's going to be a bumpy night!

Link: http://finance.yahoo.com/blogs/daniel-gross/sunday-greece-elections-prove-lehman-brothers-moment-maybe-172918499.html

1 comment:

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