The BBC is reporting that the Greece debt crisis is now leading to a Greek bank run as people clamor to hoard cash in the face of the Eurozone refusing any bailout extension. This is the typical human response in the face of uncertainty. Greece can pull out of this if they comprehend what really has to be done. If they abandon the euro and abandon the insane taxes federally, they will see Europeans rush to get in as they did in Switzerland.
When I was in Poland, the people were against joining the euro for everyone said the same thing — they would see their economy ruined like the Greeks. Austerity helps the bondholders at the expense of the people. Wake up and flip this upside down. Greece can really show Europe they are dead wrong. Hello: watch our Solution Conference for the way out.
