InvestmentWatch

The home of Socrates and Plato is so deep under water with its finances that only three years of Great Depression conditions could bring them back into balance. Yesterday, Standard & Poor’s downgraded the beleaguered nation’s debt to junk, causing the yield on its two year debt to soar to a staggering 17.8%. Greek bonds can no longer be accepted as collateral by banks. Short selling was banned on the [...]