Greece is about to go pop

After enacting painful austerity measures and winning a deal for a European and International Monetary Fund financial backstop, Greece is back in a familiar position: Borrowing costs have skyrocketed and the stock market is sagging.

The Globe and Mail

Drop your socks and grab your throttle.  This could be a bumpy ride.  If Greece goes pop all eyes will shift to Spain, Portugal, Ireland and Italy because they aren’t in much better shape.  Normally a sovereign default isn’t such a big deal, but when so many countries sit on the precipice one domino could take many more down with them. 

  1. #1 by Tom on April 7, 2010 - 5:49 pm

    Could be a very interesting ride indeed.

  2. #2 by Rev. Mike on April 7, 2010 - 9:02 pm

    To say nothing of when WE explode and take you down with us. Equal opportunity ugliness for ALL of God’s sinful little creatures.

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