This article is 100% big bank Black Ops Propaganda!!!
Let's see, we're talking about a mistake somewhere on the stock market and the column [convieniently] ends up talking about Greece and how big banks want to lend them huge amounts of money to save them from the brink.
Perhaps this article has something [more] to do with lending money and fear campaigning than a stock market mistake.
Let me clarify this passage for you: "
Greek Government will not be able to implement austerity measures" "Austerity measures" basically means a whopping big loan so big that it's repayment schedule in 5 -10 years will force you to seek even more money to stay afloat...effectively keeping you in debt forever. However, a vast number of the Greek population realise what "Austerity measures" actually entails, and are rioting in an attempt to prevent their own government from accepting the IMF (IMF being a conduit for the World Bank - fact!).
I've highlighted the bits which are meant to sway the reader. This is opportunistic fear campaigning within NewsCore, nothing more.
The market plunge amplified concerns that Greece's debt problems would stop global economic recovery.
Fears are running high in the financial markets that the Greek Government will not be able to implement austerity measures that would enable it to contain its debt problems. And, in turn, that the country's problems will hurt other economies in Europe and even the US.
"The market is now realising that Greece is going to go through a depression over the next couple of years," Miller Tabak equity strategist Peter Boockvar said.
"Europe is a major trading partner of ours, and this threatens the entire global growth story."
Don't be fooled, the banks will publicly tout that they are reluctant to loan a distressed country (like Greece) money, but ultimately, that's their agenda...after-all, it's just paper (ones and zeros actually) and costs nothing, but the legal and economic ramifications are huge...just ask the citizens of Iceland and Latvia.
If you don't understand how or why these lending processes work, but you are interested, even how the psychology and propaganda works, I thoroughly recommend this book. It is a history book on how economies accidentally or are deliberately collapsed for financial gain. More than a look into the US Federal Reserve System, it looks into how money works and what is it's purpose.
I do warn you though; it's not a nice book, not in the least.
The Creature from Jekyll Island
http://en.wikipedia.org/wiki/G._Edward_Griffin