Monday, March 08, 2010

Nemo to world: Greece WILL default

"The only questions are (a) when and (b) who will be left holding the bag."

In a great post on the blog "Self Evident", Nemo breaks down Greece and their crisis

Highly recommended.

Here is the ending:

"On the bright side, this is just entertainment; the entire Greek economy is a rounding error. The real show begins in a few years when major countries face the same problem."

Yikes!