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of may. that s the biggest monthly loss in nearly a year. in case you were thinking that europe s crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america s 401(k)s are losing value thanks to greece and spain. why? well, because if and when greece drops the euro, it s a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world s biggest economy and america s biggest trading partner. it means at least tens of thousands of american jobs will be lost. this is the scene in greece now. destitution and riots. suicide has surged. just today a 61-year-old man left a suicide note. his name was alexanderos. he hung himself in a park in suburban athens. he said, quote, greece will be wiped off the map and he hoped his grandchildren wouldn t be born there. the personal toll is tragic and it s a terrible fall for something that was supposed ....
in case you were thinking that europe s crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america s 401(k)s are losing value thanks to greece and spain. well, because if and when greece drops the euro, it s a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world s biggest economy and america s biggest trading partner. it means at least tens of thousands of american jobs will be lost. this is the scene in greece now. destitution and riots. suicide has surged. just today a 61-year-old man left a suicide note. his name was alexanderos. he hung himself in a park in suburban athens. he said, quote, greece will be wiped off the map and he hoped his grandchildren wouldn t be born there. the personal toll is tragic and it s a terrible fall for something that was supposed to cure all the continent s ills. the euro was supposed to unit ....
in nearly a year. in case you were thinking that europe s crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america s 401(k)s are losing value thanks to greece and spain. why? well, because if and when greece drops the euro, it s a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world s biggest economy and america s biggest trading partner. it means at least tens of thousands of american jobs will be lost. this is the scene in greece now. defendant contusion and riots, suicide has surged. just today a 61-year-old man left a suicide note. his name was alexanderos. he huck himself in a park. he said, quote, greece will be wiped off the map and he hoped his grandchildren wouldn t be born there. the personal toll is tragic and it s a terrible for something to cure all the ills. the euro was supposed to unite europe after sufferin ....
Things moving forward, the fact that greece did actually decide to do whatever it had to do to stay in the eurozone. but the essential problem remains in that you have disparate economies between the so-called rich and the poor. disparate fiscal policies. and as long as the public in places like greece is not willing to take so-called austerity steps, you aren t going to get past the political problem so that they can ever really the eurozone can ever really make sense and be coordinated and have any kind of harmonization. you look at what happened last week in greece where the prime minister decided that for those reasons, because the public were so angry about the austerity measures, that he was going to put it to a referendum. and when the european union, other leaders said, look, fundamentally if you put it to a referendum, the people will vote it down and that will scutter the whole eurozone rescue package, the greek political class collectively on both sides ....