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sneezy67
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>The REAL Issue With a Grexit/ Greek Default  - Graham Summer - Gains Pains & Capital
And the rich get richer while the poor become poorer.

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Beginning of the headline :The situation in Greece boil down to the single most important issue for the finacial system, namely collateral. Modern financial theory dictates that sovereign bonds are the most “risk free” assets in the financial system (equity, municipal bond, corporate bonds, and the like are all below sovereign bonds in terms of risk profile). The reason for this is because it is far more likely for a company to go belly up than a country. Because of this, the entire Western financial system has sovereig... Read More
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