Panic in Greece!

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Here is a short insight­ful arti­cle from europe online mag­a­zine about pan­ic and uncer­tain­ty over the Greek finan­cial future. To quote the arti­cle:

Reports said approx­i­mate­ly 5 to 6 bil­lion euros had van­ished from accounts dur­ing the month of May and the sit­u­a­tion had not improved since the start of June.

We will have to wait and see what is to come after Sun­day’s elec­tion out­come…

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.