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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (629875)	9/29/2011 4:52:35 PM
From: one_less	1 Recommendation Read Replies (1) of 1575171

There is a long way to go before we can say the European financial crisis has been stabilized but this is a necessary foundational step in that direction. The Greek on the street is still protesting property taxes and the Greek public employee is fighting against a 20% cut in pay ... these and other austerity measures are absolutely necessary for the rest of the World to give this effort any credibility. Ultimately Greece is already in the middle of defaulting on debt and markets have factored that in as long as it remains somewhat managed. European banks are ready to be recapitalized but not all of the banks in Europe can be saved. With enough good faith support from member nations, and barring policy maker road blocks, Europe will stabilize. The USA is at a 15 Trillion dollar economy now and the Global economy continues to grow. Tremendous opportunity awaits if we can move the politicians to drop all the paralizing positioning rhetoric and if we can get them to take resolute cooperative action on this issue. All eyes are on Europe right now....we will either have a run on banks or a stock market rally by years end.

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