Friday, May 20, 2011

In Greece despair is growing

Greece is sinking into the abyss. This sobering article gives you a view into the increasing suffering of the Greece people.

"It has been one year since Greece avoided bankruptcy when Europe and the International Monetary Fund provided a 110 billion euro ($155 billion) bailout. While no one expected the country to reverse its sagging fortunes quickly, the despair of Greeks like Anargyros D. reflects a level of suffering deeper than anyone here had anticipated." writes The New York Times.

See the full story in The New York Times here. Also see our earlier forecast for Europe on this blog under the label "Europe".

Geir Solem

http://www.elliottwavetechnician.blogspot.com/
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