ALBKY - Greece: Forget About The Positive Headline News Nothing Has Changed
The headline news reads that after many years of external financing, Greek (GREK) bailout programs have come to an end. A historic day, say many. Well, you could disregard anything you have read, because the situation has not changed one bit, and the current "end to external financing" is nothing but political smoke and mirrors.
The so called "end to external financing" is only temporary at best. This because Greece still has a debt to GDP ratio of about 180%.
In my mind, in order for Greece to be totally on