By SIMON CONSTABLE
NEW YORK (The Street) -- Greek drama alert: The country by the Aegean Sea is supposed to repay 300 million euros to the International Monetary Fund Friday.
Will it? Who knows. But that question is at the center of a media-led drama that's playing out as if the future of the world depended on it.
Should you be worried? Unless you have lent the Greek government money, probably not. Here are seven reasons why:
- Is Greece a vital iPhone market? Regardless of how many iPhones, or similar products, Apple sells in Greece, it's unlikely the company is betting the farm on that market, or even that CEO Tim Cook loses sleep over it. And as Apple (APPL) goes, so goes the market. It is Apple's earnings that will, in part, drive what happens to major indices such as the S&P 500. Sales of its products in Greece aren't likely to move the needle on that front. It probably doesn't matter a whole lot to other companies like General Motors (GM) or Facebook (FB) or Twitter (TWTR) either.