I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
Several factors have to be consider if greece defaults: 1) united states exports will drop because the european union would be affected 2) the psychological effect on europe of greece defaulting 3) greece has not been able to collect the money it needs to cover its debt 4) greece my opt out of the union and use its old currency which in turn will hurt USA exports to europe 5) there have been major cuts in Greece government employees salary and wages...Questions to be asked: will be the EU able to contained the spill? will greece be able to cover its debts by selling bonds?
Several factors have to be consider if greece defaults: 1) united states exports will drop because the european union would be affected 2) the psychological effect on europe of greece defaulting 3) greece has not been able to collect the money it needs to cover its debt 4) greece my opt out of the union and use its old currency which in turn will hurt USA exports to europe 5) there have been major cuts in Greece government employees salary and wages...Questions to be asked: will be the EU able to contained the spill? will greece be able to cover its debts by selling bonds?
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