The hoped for 2nd bailout of Greece came to pass and the markets registered… barely a blip… Certainly not the moonshot higher many expected on a “resolution” of the Greek question.
Why you ask?
here for one explanation…
The Readers’ Digest version?
Austerity measures are killing European economies (including Greece’s) so the growth projections are rosy at best. No growth, no ability to repay debt. No ability to repay debt, and the issue of Greek default will be back in the headlines before we know it.
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