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NEW YORK (MarketWatch) -- U.S. stocks tumbled on Wednesday, echoing a slide in equities around the globe, on intensifying concern Greece could exit the euro and as the region’s leaders gathered.
Originally posted by Germanicus
Your Banks will be affected. And in turn,every part of the already terrible economy. Alot of the Greek National debt is from taxpayer-backed bonds that were sold. When the Greek Banks tanked,the Greek taxpayer had to foot the bill. The US Banks are invested in this debt. That is why the IMF is trying so hard to break the Greeks into accepting Austerity. If the Greeks wont pay your Banks it will hurt them bad. they may need another bail out. but you cant afford that.