Tuesday, January 31, 2012
Greece and Italy and Spain
Eurozone members just met and agreed again on some more stuff, and that is supposed to be good news , but it is just window dressing. Markets may react positively for a short while but the next big hurdle to clear in Europe is Greek debt restructuring, and then how does Italy and Spain handle refinancing, their ten year debt. I think ECB will pump plenty of money into the system to take care of the ten year debts. So the big hurdle is Greece. Greece has a march 20 deadline to meet its next obligation. This is the big negative that i think ill keep popping up as we go forward,
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