Greece is on the brink of defaulting on its loans. Many are thinking the country's economy could trigger a chain of events that will lead to a global economic crisis. Holders of Greek bonds have the most to lose if Greece can't pay what it owes. Is the US going to feel the effects of the Greek economy? Edward Harrison, founder of Credit Writedowns, tells us what the consequences could be and how it will affect the US.
Tuesday, September 13, 2011
Is Greece the catalyst to global default?
Greece is on the brink of defaulting on its loans. Many are thinking the country's economy could trigger a chain of events that will lead to a global economic crisis. Holders of Greek bonds have the most to lose if Greece can't pay what it owes. Is the US going to feel the effects of the Greek economy? Edward Harrison, founder of Credit Writedowns, tells us what the consequences could be and how it will affect the US.
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