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Home | If Greece defaults: Consequences of contagion |
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If Greece defaults: Consequences of contagion
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- June 18, 2011
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After a year of kicking the proverbial can down the road, it appears more than likely that Greece will default on its massive debt load. Riots and political deadlock in the tiny European nation this week show that there are limits to the amount of economic stress a population can take before they simply give up. While Greece itself will be the hardest hit in a default, the ripple effects of such a move could rock the European banking sector to its core and even create a liquidity event not seen since the dark days of 2008.
- Read more at:http://rss.cnn.com/~r/rss/money_topstories/~3/xngMDvd27wA/
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