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Greeces' Austerity Plan Doesn't Draw Much Reaction


A Bend financial advisor says there isn't much of a reaction in the markets to an austerity plan unveiled in Greece. Fox News is reporting today that Germany's Finance Minister questioned whether the deal goes far enough to earn a crucial $130 billion bailout. Tyler Simones with Northwest Quadrant Wealth Management in Bend says the situation with Greece seems to already be priced into the market, but Greece will probably continue to make financial headlines for much of 2012: "We are now very interconnected and so nobody really knows where everything lies and there's worry that some of our banks have exposure to that Greek debt and that could be a problem to them.” Simones agrees with Chase Bank President Jamie Dimon who believes the impact from big problems in Greece will be minimal.

 

 

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