Lostplanet22 on 07 May 2010
It is not the debt that is the problem...it is paying the debt...
People don't believe anymore Greece can pay back their debts:
First you could rent Greece money with 1-2% interest....Then it went up to 5%.....Then to 10%....to a point where it just get impossible for Greece to rent money...
A bad day for financial markets....For companies in the Euro market who sell stuff overseas this is a great time... Thx to the Weak Euro stuff gets cheaper and we will see a rise of export, investments in the EU zone...
For every person losing money their is one winning.... Just hope for yourself you are on the Winning side.
