EUR

social unrest in Greece and Spain can explode anytime soon. There is a shortage of money everywhere over there. I always wonder about those perma-hyperinflationists. Nonsense. Hyper deflation is coming.

Things could take a violent turn for the worse in Greece, affecting European stability to some degree:

Greek security forces have warned of a wave of violence reminiscent of the terror that stalked Italy in the seventies after urban guerillas threatened last week to turn the country into a "war zone".

"Greece has entered a new phase of political violence by anarchist-oriented organisations that are more murderous, dangerous, capable and nihilistic than ever before," said Athanasios Drougos, a defence and counter-terrorism analyst in Athens.

The threats came from a guerrilla group called the Sect of Revolutionaries, as it claimed credit for the murder of Sokratis Giolas, an investigative journalist. Giolas was shot dead outside his Athenian home on 19 July, in front of his pregant wife.

The gang promised to step up attacks on police, businessmen, prison guards and "corrupt" media and, for the first time, threatened holidaymakers.

"Tourists should learn that Greece is no longer a safe haven of capitalism," its declaration said.

"We intend to turn it into a war zone of revolutionary activity with arson, sabotage, violent demonstrations, bombings and assassinations, and not a country that is a destination for holidays and pleasure."
http://www.guardian.co.uk/world/2010/aug/01/greece-war-zone-revolutionaries-tourists

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Wishing everyone a gd weekend had close the trade waiting for monday to open as I dont leave trade open over the weekends.