2013-01-19marketwatch.com

Algeria is one obvious candidate. It was the one country that didn't get caught up in the Arab Spring. But it has many of the same issues as Libya and Egypt. Don't be surprised to see demonstrations on the streets there. Morocco may well get caught up in the turmoil. And food shortages may spell the end for President Bashar Assad in Syria.

Greece is the second possibility. Unemployment is now at 27%. Many people are on the breadline -- and bread is about to get a lot costlier. There are increasing reports of people having to rely on food handout in Athens and other major cities. Taxes are constantly being pushed higher to meet the deficit targets and wages are still being cut and jobs slashed. More expensive food could easily be the spark for an extremist party to seize power and take the country out of the euro.


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread