Greece

Good morning! I was browsing the WSJ and came across this article.

Greek PM Mr. Papandreou is planning to step down to make way for a new multiparty government. These are historical events of some proportions and it is exciting to watch them unfold. Will Greece be able to manage itself or will it eventually secede from the euro? Only time will tell.

Quick thought before I go to sleep: How will 130 billion euros really save Greece? Will it provide the amount of economic expansion necessary for them to grow, produce, profit, and pay down its debts? Or is it simply a get-me-by bailout so that the default is less severe and/or just occurs at a later date?

On another note: I promise I will post about how to invest in these turbulent times soon. Tomorrow I will not because I am attending the UCLA vs. ASU football game and will be busy all day. Sunday! And I'd also like to write a research piece on Keynesian economics to see if it really works. I'm writing that here to tell you, my loyal followers, of things to come, as well as to remind myself of all of these ideas I have.

Cheers,
EZ

P.S. This blog may soon become the Bruin Finance Journal if all goes as planned which could be very exciting. More on that later! If anyone out there is actually reading this I would love some comments on ideas that would make a finance journal extra informative/insightful, given the time and resources my colleagues and I would have as college students. Thanks.