EU deal announced

[TarJak]

Originally Posted by jimbuna

I've been watching some of the political meandering on the news.....wouldn't it be simpler to let Greece default and opt out of the Euro?

Better to cut your losses now than build up even larger ones with no end in sight.

But the fear that default generates across global markets is what this deal is about. I don't think they are taking the right action either though. Some things are better left to fail than to be propped up by rotten deals that end up hurting the people they are meant to protect.

I think the global economy is in for more rough weather to come.