Its just the risk of credit /liquidity tightening as the Greeks et al keep fighting about needing to retire earlier than the rest of the world and their concept of tax flies in the face of what is good for a country. Personally IMO the EU should cast them adrift,they need to realize that a country that produces little and spends big is not entitled to wealth...like Ireland... where did they get the idea that guinness (and inflated property...joke) was going to be their economic salvation? Same with Portugal etc. If you dont work, you like the grasshopper, will come to a bad end...and so the rest of the world suffers the transient shock. Hopefully Germany will realize that Greece should be let to die rather than precipitate a global financial crisis. After all if the communists take over in Greece no one will care now.They wont do any better for the worker...like the Spanish Socialists now a joke. Thank our stars we arent connected directly to EU. Much prefer the Oriental work ethic. And so we wait...
LYC Price at posting:
$2.15 Sentiment: LT Buy Disclosure: Held
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