Thursday, July 2, 2015

OZY: Greece and PR -- Relax or Freak Out?

By SIMON CONSTABLE

Up, down and all around — global stock markets have been giving investors quite the ride this week. But is the financial world on the brink of another crash? Most people could be forgiven for thinking so given news about Greece missing a roughly $1.7 billion loan payment to the International Monetary Fund and Puerto Rico’s governor warning that the territory simply can’t repay $72 billion of debt. The feeling of impending collapse was only exacerbated when stocks in Europe and the U.S. tumbled on Monday, before bouncing back later in the week. Read more here.

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