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:

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

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

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  3. 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.

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

    ReplyDelete

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