If the following statement is correct, then something MUST be done to avert this from happening (similar to the circus in the US over the debt ceiling squabble)...
"A default by Greece would be a ?doomsday? scenario, Rhee Chang Yong, chief economist of the Asian Development Bank, said in Hong Kong today. ?That?s the responsibility of the European and advanced economies? policy makers not to let this happen, because if this happens, there would be huge turmoil in the global financial market.?
Funny how Tim Geithner doesn't seem to think that Greece defaulting would have the same effect as Lehman's going under......he has no idea !
The majority of the world economy is in a DEAD snail pace like growth......apart from China >>> they will buy the world one day !
