Month: June 2011

Beware Greeks Bearing Debts?

ICangles Investment Post…

Concerns over the debt situation in Greece spiraling out of control and roiling financial markets around the world, including banks and investment companies with exposure to Greek debt, has been in the headlines lately. Some even worry the current situation could spark another global downturn. Among their number is Alan Greenspan who stated a default by Greece is a near certainty and could drive the U.S. economy into a recession. Counter-intuitively all of this concern, especially worries emanating from the fraternity of central bankers, is reason to not worry at present over the situation.