Post Tagged with: "Gary Shapiro"

May 27, 2010 05:00

Will California be our Greece?

Although Greece’s output is just three percent of the European Union economy, its financial collapse roiled continental markets and required an international bailout package. Imagine what would happen to U.S. markets if California, which is 17 percent of the national economy, experienced a Greek-style implosion. Far-fetched? Consider the similarities.