Greece by the numbers

On Sunday, Greece was voting on the European bailout.  There were about 18,000 demonstrators, 5,000 police with tear gas, and 10 major buildings set on fire.  The European Union-assigned Greek Prime Minister (not voted in by Greeks) said, “"Vandalism, violence and destruction have no place in a democratic country and won’t be tolerated."  I guess his definition of a democracy varies from my understanding.  See:  http://www.bbc.co.uk/news/world-europe-17007761

“This behavior will not be tolerated”, said Prime Minister Lucas Papademos.  The country is in the midst of breaking down and the living standards are collapsing into a deflationary death spiral.  The annual rate of decline of the Greek GDP is 7%.  It is getting ugly!  A revolution is now on the horizon.  It now appears that timing is the issue.

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