Wednesday, May 16, 2012
Decline In Stocks: Greece
The future for European stocks doesn't look so promising. Fear that Greece will continue to decline has the world economy on edge. It was stated that the "Stoxx Europe 600 Index may extend it's lowest level this year". Global markets are being weighed down because of this economic crisis. Is this a big deal? What is the most concerning part of the whole situation?
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Having a GDP in the low 200 Billion makes Greece a far less important country economically than the trillion+ countries, Germany (3 trillion), England (2 trillion), France (1.9 trillion), Russia (1.2 trillion), ets. It will negatively impact the European stock market but not the extent that it will cause serious problems for Europe as a whole. All economies flux to a certain extent is healthy and as long as Greece is the ONLY European country that has it this bad, it will eventually start rising back up. However, is Greece does start to pull down some of the trillion + countries then there will be notable economic problem in Europe.
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