Greek debt crisis reaches ‘DEFCON 1’ as savers pull €400m in ONE DAY and markets plunge

PANIC has descended on Greece as the debt-stricken country careers out the eurozone – with savers pulling millions in cash while investors continue to flee financial markets.

The Greek Prime Minister today blasted Athens’ European Union creditors who he said were trying to “humiliate” and “strangle” Greece into making proposed spending cuts in return for bailout cash.

Alexis Tsipras confirmed that talks have completely stalled, with the two sides in total stalemate over austerity measures.

@AP Hijack Exposes Precarious Economy

At times, after reading such books as “Spetsnaz. The Story Behind the Soviet SAS“, it makes you wonder if someone hasn’t taken an idea out of the playbook — just replace cassettes with modern technology.

A hacked Associated Press Twitter account disseminated a bogus breaking news tweet last Tuesday about two explosions at the White House that injured the U.S. president. The nature and content of the tweet not only instilled panic in thousands of the nearly 2 million followers of Associated Press’s @AP Twitter account, it also triggered definite alarm in the financial markets, causing the Dow Jones Industrial Average to tumble 143 points in just two minutes.

People have become heavily reliant on technology, even if that technology disseminates unconfirmed information.