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View Full Version : Is "too big to fail" the cause of Greece financial collapse?



tailfins
06-30-2015, 10:58 AM
Importantly, if banks were properly allowed to fail much like other private business are allowed to with great regularity, bank exposure to Greece would be a non-story.


What's not stressed enough is that Greece has an economy that is around the size of Dallas, and that as a percentage of the overall Eurozone economy amounts to roughly 2-3 percent. That such a tiny part of Europe's economy could have investors up in arms is further evidence that this is all about the major banks with exposure to Greece, and nothing about a potential Greek default.

http://www.realclearmarkets.com/articles/2015/06/30/what_greeces_alleged_collapse_is_and_is_not_101726 .html

fj1200
06-30-2015, 11:56 AM
No, unless they're counting the EU and IMF as banks.

Kathianne
06-30-2015, 01:00 PM
No, unless they're counting the EU and IMF as banks.

It does appear this 'crisis' is unveiling more weaknesses in both EU and IMF, no? Not a bad thing.

fj1200
06-30-2015, 01:54 PM
It does appear this 'crisis' is unveiling more weaknesses in both EU and IMF, no? Not a bad thing.

More of a slow moving train wreck about to crush the Greek people.