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Greece And The Dangers Of Being A Financial American Exceptionalist

From seekingalpha.com

In a recent article, I described the Greek parliament's upcoming vote on 13.5 billion euros in new spending cuts and tax increases as a "make or break" type event for the market. Although I have attempted to explain why the coming weeks are absolutely critical for Greece, Greek Prime Minister Antonis Samaras' characterization of the two alternatives facing the country in the event of either a negative or positive vote make my portrayal seem rather meek. Recall that last week, Samaras said: " ..The problem is not whether we [introduce] this measure or that measure. On the contrary, it is what we would do if no ... (full story)

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