EGFEF - Both Greek And Japanese Economies Struggle But Only One Is In A Monetary Bubble
In case you've missed it, Greece (GREK) is back in the spotlights, with its bank stocks plunging 5%, 12% and 8% over the past few trading days.
What's behind the recent collapse? As always - growing debt concerns.
Greece wants bond investors to participate in the losses associated with $47B of bad loans that are heavily weighing on Greek banks. The government wish to free banks of these bad loans but it's hard, i.e. impossible, to strike a deal with terms that will be accepted by bond investors on one hand, while also