The beginning of the end of the beginning

Sources with information about the government’s actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area’s finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on Friday night.

Story here, and I do believe this rumor.  For the pointer I thank the excellent Catherine Rampell.  Here is my recent column on this issue, it applies very directly.  Unless this rumor ends very quickly, it means a run on a number of different countries.


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