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Greece On the Brink of Collapse

greuAfter only four days of closed banks the Greek economy is already collapsing.

Manufacturers who need to import basic materials can no longer do so and are facing closure.

Supplies of basic medicines will soon begin to run out. Whether you are dying of cancer or just suffering from hay fever, will become irrelevant.

Supermarket shelves are already beginning to empty and are unlikely to be restocked, especially with anything containing imported products.

The allowance of 50 Euros per day in withdrawals from a bank, means that most people can not pay their rent or other larger bills .

EasyJet founder Stelios Hadji Ioannou is alone feeding 2,500 people every day in Athens.

The Greek banks are down to their last 500 million Euro, for a population of 8,000,000 or more

Credit cards, which people thought could help to keep them going, are becoming unacceptable. Even if the credit card companies pay the trader, what is the point if the trader can not get the money out of the bank in order to restock supplies.
Dixons has already announced it will close down its larger Kotosobolos stores and perhaps reduce opening hours at the remainder.

As dawn breaks today, things will be even worse. Many Greeks have not yet woken up to the reality of their immediate future and think they will get by with large purchases of lentils and tinned milk. The reality they face will be far worse than that reflected by a shortage of toilet paper.

The crunch will really come when fuel supplies start to run out, perhaps later next week, leading to major power cuts and empty roads. How will basic daily necessities be delivered to the shops and supermarkets, if there is no fuel for delivery vehicles.

And all of this imposed by unelected bureaucrats in Brussels, terrified by the thought of Greece, the home of democracy, daring to have a referendum, which may challenge their rule. Let them remember that next year the UK is also daring to have a referendum as to whether to stay in a Europe whose rulers are prepared to impose hunger, starvation and death to get their own way.

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