Well to be honest, me for one. But on the other hand, I did think something would happen.

On September 19th, I blogged about Nouriel Roubini’s [or Dr doom as he is often known] article about Greece being stuck in a cycle of debt, austerity, economic contraction, and increasing civil unrest.

Today the BBC reports that -

US and European markets have fallen following Monday’s announcement of a Greek referendum on the latest aid package to solve its debt crisis.

Eurozone leaders agreed a 50% debt write-off for Greece last week as well as strengthening Europe’s bailout fund.

But the Greek move has cast doubt on whether the deal can go ahead.

New York’s Dow Jones fell 2% on opening. London’s FTSE 100 was down 2.5%, while the Dax in Frankfurt and the Cac 40 in Paris were down over 4%.

Shares in banks saw the biggest falls, with Societe Generale falling 16.0%, BNP Paribas down 11.9%,  READ MORE

 

This story is going to run and run…