Ad Majorem.....Wealth Builders
The Greek problem, ie inability to strike a deal with European Union bank is going to destroy wealth in Greece, Europe and rest of the world. The Greek leaders walked out from their talks, and instead will refer the proposal on the E 1.7 billion interest payment that will fall due tomorrow.
The banks will not open today, placing Greeks in a difficult situation. This will cost Germany some Euros 65 billion and the biggest loser will be Italy
All ready the Asian markets are being pulled down by this bad news.
Who is at fault here? Greece or the lenders.?
Greece it must be noted borrowed heavily when it joined the European union mostly to finance its social services....
Willl Greece be forced out of European Union? The Greece finance minister does not think so.
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