Panic in Greece!
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…
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.
