Why Greece Really Matters

Why Greece Really Matters by Brad McMillan, Commonwealth Financial Networks

As promised yesterday, I want to talk about how the Greek situation could end up disrupting Europe and the European financial system, but in a completely different way than most people expect.

The possibilities for Greece

I see three different directions the Greek situation could go.

Things continue pretty much the way they are now. Additional aid trickles in, but just enough to prevent complete collapse and not enough to allow Greece to recover. This is where we’ve been for the past several years, and it now seems the least likely outcome, as the Greeks, the Germans, and everyone else have completely lost patience with the process and with each...