JP Morgan Chase & Co (JPM): Yeah, if you think so! Greece got the...

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Re: BullNBear52 post# 1492

Monday, 05/24/2010 2:23:27 PM

Monday, May 24, 2010 2:23:27 PM

Yeah, if you think so!

Greece got the "prop-up" monies, fine, but tourism turned dismal already, their major income to make good on the loan.
The islands however are not affected.
A German Economist warned already that Greece won't be able to pay back anything and probably will have to get another "infusion".

Besides Portugal, Spain, Italy will be next one in line (from European sources).

THEY, the European Union had a grandiose plan to go against the USD, however they miscalculated the diversity of the different countries/currencies then and now.

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