Thursday, April 29, 2010

Greek Stocks up 7.7%

Speculation that the EU will provide Greece the funds needed to delay default are pushing Greek stocks much higher.

The big question, though, remains,  "If Greece is patched, does that mean Portugal, Ireland, Italy and Spain will be funneled funds?" Who is going to patch Greece, next quarter? Who is going to patch Greece next year? Hey, doesn't it, at some point, get expensive (or inflationary) to do this? Is Germany really up for all this?

Don't put away the popcorn just yet.

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