---------- Forwarded message ---------- From: Dante-Gabryell Monson <[email protected]> Date: Wed, Jun 29, 2011 at 6:18 PM Subject: The most important 48 hours in EU history? To: [email protected] http://roarmag.org/2011/06/strike-protest-austerity-athens-greece/ The most important 48 hours in EU history? By Jérôme E. Roos On June 28, 2011 excerpt : "if all four abovementioned Socialist MPs vote against, Papandreou will only have a majority of one. That means that if *one* more MP unexpectedly votes against the austerity package (or simply fails to show up for the vote), the measures wont pass. This, in turn, will almost certainly trigger a sovereign default, as the EU and IMF will withhold the disbursement of additional bailout funds. Rating agencies will call a ‘credit event’, causing the Greek banking sector to collapse. " -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens