This is pretty serious - I’ve seen different numbers, but assume Greece has at least 300 billion in total debt, much of that to private banks in Europe, but also the US. If they default, the consequences are completely uncertain. It is a bigger even the Lehman Brothers. I’m optimistic that this won’t crash international markets, but it is a big enough even that it could be 2008 all over again.
Yes, it is a bit of a problem but minimal to the US. The real problem is about to be fixed in that the Greeks continue to expect to be bailed out! The end is now!
Well now, there is Greece...
And then Puerto Rico 70+Billion...
And then China’s stock market has been in freefall for the past 2 months losing over 30% of its value
So...what do yo think now?