Greece Continues to Slide
Greece Continues to Slide:: In the complex world of international finance, the Euro falling apart would be a nuclear event. The threats in the past such as the Lehman Brothers imploding or the LTCM event would probably be hick-ups compared to the Euro fracturing. I wonder what implications it would hold for the derivatives market worth its hundreds of Trillions? Would there be a sound bank left? Is there a sound bank left now, given the accounting changes made (Mark to Market) to mask the insolvency created by the housing crisis?
Greece Reality Check: Euro Crisis Worsens as EU Leaders Play for Time – SPIEGEL ONLINE – News – International: www.spiegel.de/international/europe/0,1518,762769,….html

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