Tuesday 21 June 2011
A Greek Tradegy?
So the world awaits the decision of the Greek parliament today. I have no insight as to which way it is going to go as either way the Greeks are screwed so it must be pretty hard to make such a decision (a real do I lose a leg or an arm movement?)
Global markets are very nervous - But what is puzzling me is the attachment of so much to Greece. One remembers the battle of Thermopylae and its significance to the Persian Wars - but today really is not like that is it? yet today does feel like the day when the US Congress was discussing the TARP during in 2008. That in itself if bizarre, a wealthy private investor could probably bail Greece out on their own, it is simply not the scale of the US; which just goes to demonstrate how much markets are driven by psychology and not rationality