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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (3600)	5/7/2010 7:15:44 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220515

From someone living in Italy: "Living in Europe, I can tell you that people are concerned that there will be a domino effect due to Greece's debt. People in Europe will spend less, thus reducing government income from the VAT. People take shorter vacations reducing local tax revenues and less money for vendors. All this can have a very negative impact on the government's ability to pay back loans because the social programs must be paid for in order to avoid having riots in the streets of places like Barcelona, Madrid, Rome, or Lisbon. If those cities experience upheaval, foreign visitors will not stay, thus causing more losses in hotel and rental car fees. Right now, the exchange rate between the Dollar and Euro is slowing nearing parity which means 1 Dollar for 1 Euro. If this happens, trade to Europe from the US will suffer, meaning that job growth in the US will suffer another setback." GZ