A majority of Germans want debt-ridden Greece to be thrown out of the euro-zone if necessary and more than two-thirds oppose handing Athens billions of euros in credit, says a recent poll.
Investors are making a big mistake if they assume that Greece is too small and unimportant to matter and that the rest of the developed world is somehow isolated from the turmoil. Greece is to sovereign debt what subprime was to private debt. It’s the possible start of a vast tsunami that threatens to overwhelm the global economic and financial system.
The average cost of a home in the capital jumped 5% to £427,987 pounds, the most since records began in 2002, the owner of the UK’s biggest property website said in a statement. Average asking prices in England and Wales increased by 3.2%, the most since April 2007.