May 29th, 2012
With hundreds of billions spent to save the ailing economy of Greece (and the rest of the continent), unemployment rates in excess of 50% among those in their twenties and a solution nowhere to be found, many in Europe and around the world are realizing that this entire system is about to come unhinged.
And when it does, as we have noted on several occasions over the years, there will be riots in the streets.
Retail business owners in Greece and greater Europe are now planning for the worst.
This is not some alarmist overreaction. This is happening right here and now, and people are starting to understand that the consequences of a collapse in Europe, the United States and the world are going to be serious:
The planning, says Dixons chief Sebastian James, may look alarmist but it’s good to be prepared.
Company bosses around Europe agree. As the financial crisis in Greece worsens, companies are getting ready for everything from social unrest to a complete meltdown of the financial system.
Those preparations include sweeping cash out of Greece every night, cutting debts, weeding out badly paying customers and readying for a switch to a new Greek drachma if the country is forced to abandon the euro.