and the Euro shall fall? It sure seems this could be a crack in the straw.
Russia losing out on the oil revenue, demanding gold or rubles to buy what they do sell. China's economy contracting. Not as much money flowing around the world, less money to run your own country as well loan others? Close attention to the underlined last paragraph.
Situational awareness applicable on a big scale nowadays.
Nemo
www.wsj.com/articles/syriza-poised-for-victory-in-greek-election-1422168982Greek Vote Sets Up New Europe Clash
Leftists Sweep to Power in Rebellion Against Austerity
By Charles Forelle, Nektaria Stamouli and Alkman Granitsas
Updated Jan. 25, 2015
ATHENS—Greek voters handed power to a radical leftist party in national elections on Sunday, a popular rebellion against the bitter economic medicine Greece has swallowed for five years and a rebuke of the fellow European countries that prescribed it.
With nearly all votes counted, opposition party Syriza was on track to win about half the seats in Parliament. In the wee hours of the morning, it clinched a coalition deal with a small right-wing party also opposed to Europe’s economic policy to give the two a clear majority.
“Today the Greek people have written history,” Syriza’s young leader and likely new prime minister, Alexis Tsipras, said in his victory speech late Sunday. “The Greek people have given a clear, indisputable mandate for Greece to leave behind austerity.”
A Syriza victory marks an astonishing upset of Europe’s political order, which decades ago settled into an orthodox centrism while many in Syriza describe themselves as Marxists. It emboldens the challenges of other radical parties, from the right-wing National Front in France to the newly formed left-wing Podemos party in Spain, and it sets Greece on a collision course with Germany and its other eurozone rescuers.
