Wednesday, May 16, 2012

Greece and Europe: Back on the Brink

Europe is back on the economic brink.

With a leaderless Greece approaching another milestone in its struggle with debt, European stock markets closed yesterday's session at a 4-and-a-half year lows.  Source: ABC

Following news that Greece has failed to form a government, the Greek stock market is crashing.
It went from being up modestly to down 4.5% in a matter of seconds......Greek banks are getting totally crushed.  Source: Business Insider

4 comments:

Anonymous said...

This is Anon101. Where is the organizations and rich Jews who care about Jews. Get the Greek Jews out of there.

Leah said...

Do they fail to see that their country will go down like the Titanic if they do not form a gov't?

Anonymous said...

Greece is about 2% of Europe's population and about 15/100ths of one percent of the world's population. In terms of economic growth, Europe as a whole is not a major player compared to emerging markets like the BRIC countries. This "crisis" is overblown. People who benefit from volatility are fanning the flames.

nechama said...

....but doesn't this affect those who have(financially) helped them bail themselves out?