Will the EU and the world dodge a financial bullet by kicking the can down the road for a 3rd time in Greece? An infusion of money by the EU into Greece that will be combined with promises of additional austerity measures, increased taxes and slashed pensions, may stave off the inevitable sovereign debt default and […]
Now that it appears that the Greek people have voted NO to the bailout terms of its creditors, what happens next? These are the initial thoughts of Mohamed El-Erian of Allianz (formerly from Pimco) that he posted on Facebook. Update on the Greek ReferendumFYI, here’s a quick “Greferendum” update. More to follow.1. Exit polls out of […]
This metaphor is an attempt to describe the Greece crisis in layman’s terms (if anyone agrees, disagrees or can state it in a better way please let me know)! As the owner of a title insurance firm who witnessed firsthand the financial market and real estate industry meltdowns due to people getting in over their […]
