Don't know if there's any truth to it, but I just read a news clip that said Greece doesn't plan to open its banks on Monday because they can't make their payments. People are lining up in the middle of the night at ATMs over there to get their money out. Wonder if there is any truth to the story. If there is, you KNOW the U.S. market is going to take a jittery dive.
I'm hearing and reading that the Greece situation shouldn't have any significant impact on the US markets. Too small an economy for any impact on us.There is another thread floating around here on the subject. Perhaps some headlines may cause a ripple for a a few hours in some of the European markets as the European TV pundits express opinions...
I'm hearing and reading that the Greece situation shouldn't have any significant impact on the US markets. Too small an economy for any impact on us.There is another thread floating around here on the subject. Perhaps some headlines may cause a ripple for a a few hours in some of the European markets as the European TV pundits express opinions...
FWIW, here is the national press agency -- http://www.amna.gr/english/ -- based in Athens. Get the news from Greece itself, rather than the filters of the IMF and the Eurozone countries. As of this moment, it appears the Greek parliament has kicked the can to next Sunday, putting the vote on the European bailout to the Greek voters. Follow the IMF at http://imf.org and Twitter via @IMFNews for their side of the chaos. FWIW, the IMF says the vote is meaningless as the proposed agreement expires Tuesday, days before the scheduled vote. Unless you have investments in Greece itself, I wouldn't lose any sleep over this circus.
