Quote:
Originally Posted by 732002
It could be or it could snowball like the subprime mess. There are also other countries that could have the same problem soon. With stocks down so much last week I am worried that the smart money knows something I don't.
Who lent money to Greece and will they get their money back?
The euro has a moral hazard problem, if they bail Greece out too generously other countries are encouraged to act irresponsibly also.
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I suspect that there will be a lot of kicking and screaming across south Europe as the chickens come home to roost.
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