The pictures of european politicians show smiling and happiness. Descriptions of the stock sell-off in athens are using the word bloodbath.
Its the first day their market opened. The financial stocks are down about 25%. Not a buying opportunity. It will bounce around for awhile, so no big long term investment gains but good for day trading. Greece is so small compared to the rest of europe but its done everything but create a no-holds-barred streetfight between all the overweight people in suits. People are trying to compare usa influenced puerto rico to europe's greece but puerto rico is way better. P.R. has 5 times the gdp as greece and a quarter of the debt. Plus I would bet my life that puerto rico restructuring its debt wont consume the president, the fed reserve and other high officials in endless conferences and speeches. Can greece join the usa already?
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