GREECE, QE3 AND ITALY’S RETURN TO FASCISM?

EU leaders (left to right): British Prime Minister David Cameron, former Greek Prime Minister George Papandreou, German Chancellor Angela Merkel, and French president Nicolas Sarkozy.

“Fascism is coming” and “people are moving into insane investments.”

For those who think these two claims might be a little “over-the-top,” please consider the following.

Despite some relatively quiet weeks, the eurozone crisis looks as if it’s about to mutate into something far more dangerous than previously anticipated.

But is it really all that bad? It would certainly seem that way.

As reported earlier, the financial crisis in Greece has taken on epic (and sometimes violent) proportions.

Their debt levels are unsustainable; Prime Minister George Papandreou resigned after causing a stir by calling for a “bailout” referendum vote; the current Prime Minister, Lucas Papademos, is a former Senior Economist at the Federal Reserve Bank of Boston, Columbia economics professor and career banker; and let’s not forget reports of the Greeks resorting to starvation diets and/or rioting.