2011-06-16

Greece Has EU On Edge

Greece is on the brink of defaulting again.

We're told Europe is on "edge" unless something is done.

Obama recently admitted - among other things - the job recovery has stalled. So will the 'throw money at the system to shock it back on track' logic prevail again?

Despite all the musings about needing to bail everything out, we're right back where we started.


Anyway.


Why does Greece defaulting, a tiny economy with little influence, scare people so? Can its problems really effect the economies of Turkey, Spain and Portugal?


I ask.

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