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IPFS News Link • Economy - Economics USA

Greek on The Brink: Economic Collapse Inevitable

Thursday, May 17, 2012

The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number.


1 Comments in Response to

Comment by Joseph Vanderville
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No economic collapse. Europe and U.S. would not allow that to happen because of huge financial exposures.  Watch for the next turn-around.