Morning after morning, New York City based casino capitalists trade with Greece and the latest rumors from Western Europe on their minds.What will affluent Germany do to bail out the collapsing, debt-ridden country of Greece? Will France go along with those plans? Will the massive injection of liquidity by the European Central Bank help the banks to behave in ways that help Greece, among other countries? Day after trading day, the U.S.
Why? Greece is a country of just over ten million people with a GDP smaller than that of New Jersey. But because it is closest to the fiscal cliff, financial observers fear a domino effect. If Greece defaults badly, it could pull Portugal, Spain, Ireland and then possibly Italy closer to financial disaster. Read More
