EU/Greece Talks Fall Apart - What effect could it have here?

Have you looked at the market lately? Absolutely it will, albeit it will be short lived and may be a cause for the madly predicted "correction."

Beware of Greeks Bearing Bonds - 5 yrs. ago
I always thought that this Vanity Fair article was excellent.

And the comments from the recent yahoo article.

quote:

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Athens would stick to its rejection of wage and pension cuts and higher taxes on basic goods.


EMERGENCY PLAN?
"We should work out an emergency plan because Greece would fall into a state of emergency," Germany's EU commissioner Guenther Oettinger said. "Energy supplies, pay for police officials, medical supplies, and pharmaceutical products and much more" needed to be ensured.


In Athens, Tsipras - the 40-year-old leftist leader elected on a pledge to end austerity - betrayed few signs of alarm.


Ignoring warnings from European policymakers that it was up to Athens to act now, Tsipras coolly said he was happy to wait it out till the lenders changed their minds.
"We will await patiently until the institutions accede to realism,"

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I don't know much about the intricacies of global finance, but I'll assume that every one in the Eurozone knows Greece is a lost cause because it is structurally dysfunctional, and continue to work with them to drag out the damage so it won't be so harmful to the rest of them.

Of course, the blame really should be on the Euro members. They knew Greece was a backwater economic shithole when they admitted them, but feigned ignorance when accepting their application to the Eurozone.

I swear you can't even find people working half the day there. Made it hard to eat lunch with everybody sleeping or doing whatever they do there.