[M Kehoe]

Greece bringing the world's democracies to their knees. So much irony in the world these days.

From a macro economic standpoint, Greece's default is but a pimple on an elephant's ass.

Dominoes...

5.56mm

[aMorePerfectUnion]

“From a macro economic standpoint, Greece’s default is but a pimple on an elephant’s ass.”

Greece presents two problems to the EU:

First, if they default, the leading banks of other nations - especially German - will be hurt.

Second, if they allow one nation to leave, there are at least three others lined up to do the same...