Do the Greeks "Get it" better than the Americans?
Bomb Goes Off Outside JPMorgan in Athens
February 17, 2010
After spending the past few weeks rocking the world's financial markets over its debt woes, it was Athens itself that got rocked by a bomb blast outside a JPMorgan Chase office in the historic city.
Sources confirmed to The Post that a small to midsized explosive went off late in the day yesterday on the street, but that no employees were hurt.
"We have two employees at that facility and both were unharmed," said a JPMorgan spokesman who declined to say whether the bank was beefing up security at its offices in Greece.
Another source said that the two JPMorgan staffers were at work when the explosion occurred, but added that the force of the bomb wasn't great enough for either employee to have directly felt its effects.
The blast comes just days after reports that JPMorgan, Goldman Sachs and other banks may have played a role in creating the current sovereign debt crisis looming over a number of European countries by selling to those nations products which helped them spend beyond their means.
A JPMorgan spokesman declined to comment on the bank's sovereign financing business. Goldman officials also declined to comment.
While no one has yet claimed responsibility for the blast, the explosion happened against a backdrop of increased frustration across Greece amid signs that the Greek government will be slashing costs in an effort to avoid a financial collapse.