Greek Crisis: Quick Review

176% GDP to Dept Ratio.

Reduction in Bank Deposit, no body is putting money into Greek Banks.

GDP falling again.

Unemployment increasing again

Investors lack confidence to Greece being able to pay back the dept.


Great part is the rest of the European Government holds 62% of the dept and take the largest hit, followed by private sectors holding 17%. (http://www.bloomberg.com/news/articles/2015-03-25/greece-s-debt-crisis-explained)

There are recommendations out there like, cut spending, raise taxes, drop the idea of using euro, and liquidate their possession.

Of course default may be the case and if that happens good luck with the damage to the other countries holding dept for Greece. It will bring down chunk of Europe with them.

Well, due to Greece not using its own currency and lack the control of its own money (European Central Bank that controls majority of the world bank has it) they are facing current consequences.

The tension of fear is raising, sell for investors in the European market is becoming prominent, just hold onto until the fear becomes large and re-invest into the European market.