BY SHAH GILANI, Contributing Editor, Money Morning
Will a hidden link between the Greek debt situation and the U.S. banking system ignite the next global credit crisis?
The odds of the "next" global credit crisis are increasing with each new day, and with each new revelation. And escalating fears are hitting worldwide stock markets hard.
Just yesterday (Thursday), Greece's leaders revealed that the country's socialist government is on the brink of collapse. Greek protesters - angered by brutal austerity measures that will almost certainly heightenthe country's record 16.2% unemployment rate - are rioting in the streets of Athens.
The odds of the "next" global credit crisis are increasing with each new day, and with each new revelation. And escalating fears are hitting worldwide stock markets hard.
Just yesterday (Thursday), Greece's leaders revealed that the country's socialist government is on the brink of collapse. Greek protesters - angered by brutal austerity measures that will almost certainly heightenthe country's record 16.2% unemployment rate - are rioting in the streets of Athens.
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