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  • Any idea when the Greek contagion will come to an end? 2 comments
    Oct 20, 2011 12:23 PM | about stocks: GY

    Amazing how this has been going on for months now and seems to have no resolution.  Anybody think the market will skyrocket on ANY plan as a big uncertainty will have been cleared or just a precursor to bigger problems with the PIIGS?

    Stocks: GY
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  • funguide
    , contributor
    Comments (48) | Send Message
    Greek contagion will wnd when greece defaults. There debt is 162% of GDP and even though thats sustainable right now......Bloomberg reports that their economy has contracted more than expected and that the political process has faltered in privitizing the markets. So greece will default but look to Portugal as their interest rates have been rising and are now at 6%, much higher that the others (well other that greece), also look at the PIIGS to B i.e. Belgium; Its debt has been soaring.
    20 Oct 2011, 05:34 PM Reply Like
  • Brian Gorban
    , contributor
    Comments (1056) | Send Message
    Author’s reply » I strongly agree funguide..nicely said!
    20 Oct 2011, 06:00 PM Reply Like
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