Posted on 05/05/2010 12:56:30 PM PDT by mlocher
NEW YORK (Reuters) - U.S. stocks slipped on Wednesday on worries that Greece's debt crisis could spread to other euro zone nations, but losses were pared as some investors looked for bargains a day after a hefty sell-off.
Doubts about Europe's plan to rescue Greece and fears its debt problems could hinder global growth drove investors to safe-havens, boosting U.S. Treasuries and driving down European stocks and the euro.
European leaders warned the euro zone debt crisis could spread beyond Greece, and Moody's Investors Service said Portugal could be next to have its debt downgraded.
In a potentially positive sign, the German parliament's budget committee approved a draft law on Germany's contribution to a financial aid package for Greece. The news coincided with an earlier bounce in stocks.
"The focus right now is primarily on how this is going to play out in Europe, how much damage is going to be done," said Marc Pado, U.S. market strategist at Cantor Fitzgerald & Co, in San Francisco.
(Excerpt) Read more at news.fidelity.com ...
We gotta save ‘em. After all, they gave us democracy or something. Or wait, maybe they gave us that flaming cheese. Or olives. Something. I’m sure they gave us something.
Ouzo! They gave us ouzo!
Oh yeah, and THAT’S what they pour on the flaming cheese so they can say OPA! Which by the way is very good! :)
Greece can’t be saved. The possibility of a full-on revolution is very real.
Yeah, they gave us Diogenes, the original skeptic! Even he would question why there is so much emphasis on saving Greece.
Gay culture ?
This latest, utter failure of Communism won’t keep the International Left from continuing to try, and try again.
As always, on the back of the reliable,productive engine of capitalism of course
I’m hearing it’s the government employees that are rioting...
Is this correct???
gubermint pensioners
How about Melina Kanakarides?
hh
neutralized by Arianna Huffington.
Mmmm... mixed with OJ...
OPA stands for Omonia, Prodos, Agape
Fellowship
Progress
Love (as in fraternal)
Diogenes was from Sinope, a Greek city on the coast of the Black Sea (in modern-day Turkey). His father was the official in charge of the mint at Sinope and supposedly got in trouble for issuing counterfeit coins. Diogenes may have been a misfit, but his father would have fit right in in modern-day Washington or Brussels.
Don’t we have about 10 million of them here?
I liked the vote to exile politicians who overstayed their time in power.
(if a Greek politician was deemed to have been too powerful in the senate, aka representative democracy, a vote was taken and the politician could be exiled for 10 years. In an era where lifespan was 40)
Sounds good, but which country in the world would have accepted Teddy Kennedy?
Bumped for truth.
Yes if you are refering to immigrant Greeks of the last 200+ years.
Greeks were in st augustine in 1768 as laborors, but that is another story.
In the last 100 years they were comming to america to find and did find the american dream. Many of those who stayed resented the ones who left. they feel that the talent drain could have been applied to Greece instead of propping up and becoming successful in America.
While many have origins there, even first generation offspring consider themselves fully 100% american. (and not that cheep *ss canadian north american BS)
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