EPTOn November 03 2011 20:19 RowdierBob wrote:
Gah, how likely are the other PIIGS to fall if (when) Greece finally defaults?
It too overly dramatic to say the banking system of many countries will go kaput if Greece is but the first domino to fall?
I have a portfolio and am wavering on whether or not to exit. I'm loathed to sell in a downturn, but am concerned it could get a whole lot worse.
Gah, how likely are the other PIIGS to fall if (when) Greece finally defaults?
It too overly dramatic to say the banking system of many countries will go kaput if Greece is but the first domino to fall?
I have a portfolio and am wavering on whether or not to exit. I'm loathed to sell in a downturn, but am concerned it could get a whole lot worse.
I'd say pretty high. Italy and Spain look to both be in terrible shape. Just look at the Italian-German yield spreads over the past week.
It's even been rumored that the EU is putting on a show to make it look like they're trying to save Greece, while in reality they want Greece out of the EU so they can use all of their bailout funds on Italy lol.
