Understanding Greece and the European Debt Situation
For the past several
weeks, attention has focused on the debt crisis plaguing Greece and the
contentious negotiations with its
creditors. The situation in Europe is probably affecting your portfolio to some
degree right now. But how can
the problems of a country so small and so far away create such turmoil in the world's financial
markets? It may be helpful to consider
how Greece got to this point, what might happen from here, and,
equally important, how events in Europe might impact the markets in general and
investors specifically.
Candy is the president and former lead financial planner of Candy J. Lee Financial Planning and Money Management which she founded in 1992, until she retired from providing financial planning and investment advice to individuals June 1, 2016.
For the past several
weeks, attention has focused on the debt crisis plaguing Greece and the
contentious negotiations with its
creditors. The situation in Europe is probably affecting your portfolio to some
degree right now. But how can
the problems of a country so small and so far away create such turmoil in the world's financial
markets? It may be helpful to consider
how Greece got to this point, what might happen from here, and,
equally important, how events in Europe might impact the markets in general and
investors specifically.
