tailfins
06-30-2015, 10:58 AM
Importantly, if banks were properly allowed to fail much like other private business are allowed to with great regularity, bank exposure to Greece would be a non-story.
What's not stressed enough is that Greece has an economy that is around the size of Dallas, and that as a percentage of the overall Eurozone economy amounts to roughly 2-3 percent. That such a tiny part of Europe's economy could have investors up in arms is further evidence that this is all about the major banks with exposure to Greece, and nothing about a potential Greek default.
http://www.realclearmarkets.com/articles/2015/06/30/what_greeces_alleged_collapse_is_and_is_not_101726 .html
What's not stressed enough is that Greece has an economy that is around the size of Dallas, and that as a percentage of the overall Eurozone economy amounts to roughly 2-3 percent. That such a tiny part of Europe's economy could have investors up in arms is further evidence that this is all about the major banks with exposure to Greece, and nothing about a potential Greek default.
http://www.realclearmarkets.com/articles/2015/06/30/what_greeces_alleged_collapse_is_and_is_not_101726 .html