Saturday, June 18, 2011

Greek Debt

Greek debt crisis is endangering other european economies. Take out your spread sheets and crunch some numbers for me. If we have the fall of greece. The other countries will fallow - like spain.

Why is this so? Borrowing costs will go up. Expect this to hit hard the poor. Also, the ECB will panic. By printing more euros inflation will increase. This means less investment in europe. Folks, we must rescue greece.

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