The fact that Greece has been given a new package by the Eurozone with the possibility sometime of debt write-offs and a reduction to something around 114% of GDP by 2020 while not really tackling the problems will help to ease that particular fear for now. If Spain, Italy and Portugal can arrange something similar the climate might change and the glimpses of the end of the recession being experienced in other parts of the world will become apparent in the Eurozone as well. When this happens the investing outlook will change with dramatic speed and all of the work you have been putting in buying good solid companies at knockdown prices will start to bear fruit that will continue to repay you for years.
01 December 2012
GREEKS GET BREATHING ROOM