With Greece on the edge, what if others follow?

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Crickey, 05.05.2010

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“Our country is on the edge of the abyss,” Greek President Karolos Papoulias said overnight, as violence and anger erupted on the streets of Athens. “We are all responsible so that it does not take the step into the void.” [...]

But the real crisis here would occur if “a small economy’s crisis turns into a major European calamity”, as foreshadowed by Janis Emmanouilidis, senior policy analyst at the European Policy Centre in Brussels. Let’s hope the social unrest on the streets of Athens is not the precursor of a contagion that spreads to the streets of Madrid, Lisbon or Milan.

For the entire version of the article see here.