Greece scythes like a virus by Zivka Deleva

Greece continues to make troubles to her European friends. I think I should not even call them good friends, because no one wants to be friends with a loser, someone that lives on the back of someone else. This time, the euro fell 1.5 percent today compared to the dollar and the yen, and the stock markets are losing the fight. The analysts are afraid that Greek’s crises can influence other debt countries to share the same history. This time apparently, the choice goes to Portugal. The leading credit rating agency Standard and Poor’s gave the debt of the Greek government the status of junk. The same agency put Portugal two places lower and that shows how tightly! bonded economies are. Britain, Germany, France, all their economies and stock ratings fell. The world around is scared that Europe didn’t succeed to solve Greeks problems. European friends already considered to remove Greece from their fellowship while it gets stabilized. Greece is begging for the 45 billion euro bailout so the country could stand on its feet. “The chances of a default by the Greek government are increasing not by the day but by the hour. If the IMF and European governments don't come up with something quickly, then I see the market going down further quite rapidly. Investors are starting to react emotionally - said Koen De Leus, economist at KBC Securities. European politician are devastating and must take all the measures for the dept infectiousness to be stopped. They have big responsibility now for the whole nations that call themselves Europeans. It is really unpleasant today to be Greek, as far as the whole Europe will call your country! a “contagious virus”.

by Zivka Deleva for Cantell TV (http://cantell.tv)

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