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IBDvalueinvestin (99.67)

Is it infectious? We will soon know....

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February 11, 2012 – Comments (4) | RELATED TICKERS: SPY , QQQ , SPXL

Greece will set the benchmark for larger and more problematic nations such as Portugal, Spain and Italy.

4 Comments – Post Your Own

#1) On February 12, 2012 at 12:06 AM, IBDvalueinvestin (99.67) wrote:

I thought Greeks were a great civilization?

This is very uncivilized behavior:

Caution Graphic video which may be unsuitable for some viewers

 http://www.youtube.com/watch?v=0i6e2mx26T8&feature=related

 

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#2) On February 12, 2012 at 12:09 AM, IBDvalueinvestin (99.67) wrote:

I think this video of Greeks opposing Austerity measures could go viral.

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#3) On February 12, 2012 at 12:34 AM, IBDvalueinvestin (99.67) wrote:

Is Germany to blame?

On Thursday, the Hellenic Statistical Authority said Greece’s manufacturing output contracted by 15.5pc in December from a year earlier and industrial output fell 11.3pc, having fallen 7.8pc in November. Unemployment jumped to 20.9pc in November, up from 18.2pc in October - a rise of 14pc in a month.

Away from the statistics, money and labour is evaporating as the middle classes flee the social and financial chaos.

The rest are spilling out onto the streets. On Friday even the main police union changed sides. “We refuse to stand against our parents, our brothers, our children or any citizen who protests and demands a change of policy,” they said. And in April they will go to the polls and almost certainly demand change. The dominant Pasok party, which has been strongly pro-European, has seen its electoral support plunge from a powerful 47pc to a shocking 8pc.

But by that stage, perhaps Athens won’t be Ms Merkel’s problem anymore - she’ll have Portugal, Spain and Italy to worry about instead.

Read the entire article

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#4) On February 13, 2012 at 7:30 AM, IBDvalueinvestin (99.67) wrote:

Will the EU approve the money on Wed. for Greece or will the Riots cause it to think Austerity will not be able to be implemented in the current environment?

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