Monday, June 27, 2011

Greek mess may cause second GFC

By David and Libby Koch From: News Limited newspapers

HE dire situation in Greece has the potential to cause a second global financial crisis and we all need to factor in that possibility along with the impact of the fallout on our finances.

In recent months we've been keeping you up to date with the PIIGS (Portugal, Italy, Ireland, Greece and Spain). These are the economic cot cases of Europe that need bailing out of their financial woes.

Greece is the most at risk of failing and global financial markets are on tenterhooks at the risk of this triggering a domino-style collapse of the rest of the PIIGS.

We're being bombarded with questions about Greece, so here are the answers.

>> Why is Greece in such a bad way?

More Here..

No comments:

Post a Comment

Everyone is encouraged to participate with civilized comments.