Citizens Storm Defense Ministry; Merkel Takes Gamble on Visiting Greece

by Mike Shedlock
MISH’S Global Economic Trend Analysis

Greece is politically and economically bankrupt. Unemployment is 24.4% and destined to get much worse with the latest round of austerity measures.

Worse yet, Greece is still encumbered by massive layers of bureaucracy that makes it difficult to get anything done.

Yesterday, in a massive breach of security, Greek citizens stormed the defense ministry. This has German chancellor Angela Merkel willing to take a chance on a trip to Greece next week.

Today, Antonis Samaras, the Greek Prime Minister warns of societal disintegration without urgent financial aid.

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