The market is back to full strength after yesterday’s hiatus. Will the dollar once again find its ‘sea legs’ as European finance officials seem to be severing ties with Greece? The country must ‘rein in its budget deficit on its own’. The fear that the fiscal crisis could spread to other countries in the region is gaining momentum. Currently, their budget deficit is more that four times the desired 3% of GDP limits imposed by the European Union. Greece’s Finance Minister said that overall government debt will ‘peak’ at 120% of GDP next year. Credit rating agencies are chomping at the bit as the country seems to be dying a ‘slow death’ according to Moody’s. Be wary, this situation is not... Full Story
