Side Bar Effect News Today

Heres the theory: greece cannot and will not pay its debts. if that goes over to spain, ireland, portugal, then youve got european financial institutions, the big banks over there, exposed to trillions of dollars worth of risk. now, those institutions there, the banks in europe, they are hooked very closely into big american companies. theres a free flow of money on an instantaneous basis to and from across the atlantic. if there was a crisis in europe of that magnitude, if greece spreads, then ...