The question in many people's minds is what impact will Greece election have on the Europe region and the whole world?
First of all, let's break it down simply for people to understand why a small country's election got to do with everyone.
Greece has 2 major parties now... right-wing New Democracy and left-wing Syriza.
They are at odds over whether broadly to stick with the tough EU bailout deal (right wing), or reject it and boost social spending (left wing)
The main concern now is that if the hard-left bailout-denouncing Syriza party wins, it could set off a cataclysm in the markets, a chain reaction that would set neighbors and then the whole world on fire - similar to the Lehman Brothers' bankruptcy incident.
The possible result?
A Long, Slow Exit It Would Be (adapted from
http://finance.yahoo.com/blogs/daniel-gross/sunday-greece-elections-prove-lehman-brothers-moment-maybe-172918499.html )
- This Sunday's elections are unlikely to prove a ...
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