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Why is a country with an economy the size of Massachusetts a problem, in one word, confidence. If Greece defaults on its euro based loans the loss of confidence that could ripple out has the potential to create another credit crisis at the same time it creates a sovereign debt crisis. Neither of which, in my opinion, is the world financial market prepared to handle.
As warren buffet puts it, "it's only when the tide goes out that you find out who's been swimming naked."
We Americans are in so deep we think no one will figure out that we left our shorts on the beach too.
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"The reason most people give up is because they look at how far they have to go, not how far they have come." -Bruce Anderson via FB
-Marine Blue '87 930
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