Greece Crisis

Greece Crisis

Greece crisis is bad for the country itself, and for other countries as well. The US market had difficulties on Wednesday, when the negotiation between Greece and other European countries. The Dow Jones dropped a whole 100 points, before rising 50 points on Wednesday. According to David Tepper, hedge fund manager, explained that the market will survive this crisis, if the deal between Greece and European countries fail. Other market experts agree with this statement. So, Mike Holland, Holland & Co. Chairman, also agrees that this is just a tiny problem and that the market will fully recover.

Ben Willis, broker at the Princeton Securities Group, said that if the deal with Greece fails, it will have serious, dangerous precedent, and that market will have serious problems and there shall be a huge money loss. Greece will probably leave the European Union, and this can be a good thing for the market and for the Europe also. Greece has to return a huge loan to the European Union, it is unlikely that this small country can do this. They previous government even try to return those loans by selling the Greek island! But apparently, all islands don’t worth as much as their loans from the European Union. There is a small chance that they can make this deal happen, in the best scenario, Greece can have as extension. But what is the point of that? If they cannot pay their loans all this tie, there is even less chance that Greece can pay its loans in the future. Anyway, this ‘’problem’’ with Greece can affect to the whole world!
 

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