The one riot that needs to be watched -- and taken very seriously --
is that which is going on in Athens right now. Greece is now very
close to a default which could ripple disastrously through to several
large French and German banks (which have bought Greek eurobonds) and
thence to American banks which have largely sold insurance to them
(credit default swaps). This week-end might see the beginning of the
same sort of panic that occurred at the tail-end of 2007 and, if
anything, could be far worse.
Keith
Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2011/06/
_______________________________________________
Futurework mailing list
[email protected]
https://lists.uwaterloo.ca/mailman/listinfo/futurework