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Thursday, June 16, 2011

Thinking about Greece.

I thought I would be remiss if I did not at least point out that Greece seems to be a mess right now - mostly because it cannot pay its debts and it may default on them soon.  Some have labeled the situation the "next Lehman" although it seems highly unlikely that Europe will let Greece fall apart.  (Greece's political situation is not so great either, which probably complicates matters further).  Perhaps the post-Lehman crisis taught world leaders a lesson. Or perhaps the Europeans would have approached Greece's situation differently, regardless of how the US government handled (and how US markets responded to) Lehman's collapse. Whatever the case, it all makes me want to come home and watch Too Big to Fail on television all over again.   



Posted by Miriam Baer on June 16, 2011 at 03:32 PM | Permalink


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