Surprised there isn't a thread on this yet with all of the riots going on and and the general seriousness of the situation. It will be interesting to see if the EU and IMF's bailout is enough to slow their free fall and if Spain and Portugal can be leveled out before they start to collapse.
On another note, I find it slightly odd that the media is blaming the nearly thousand point drop then 700 point gain in the DOW today on the Greek financial crisis. Doesn't make sense that it would suddenly happen like that when this situation has been going on for several weeks and got really bad 2 weeks ago. I think it just shows that the global market is still very shaky and this whole situation should be an alert to all the countries of the world that you cannot spend more than you are bringing in, something the US has been guilty of for 10 years and many EU countries for even longer.
Next few weeks should be pretty interesting.
A quick word on blocking ads
It looks like you are using an ad blocker. That's okay. Who doesn't? But without advertising revenue, we can't keep making this site awesome. Click the link below for instructions on disabling adblock.
