About 15 years ago, when the world discovered that Greece’s fiscal deficit was way higher than initially thought, investors panicked and started to dump Greek bonds. Eventually, over the years, austerity and Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results.
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