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Essay / Greek debt crisis: The Greek debt crisis - 1304
Greece was only able to honor its payments thanks to aid from eurozone countries. Most of the aid money will only be used to repay existing debts, not to rebuild the crushed Greek economy. This new aid reassures investors that Greece will not leave the euro zone. . (The Greek Debt Crisis Explained, 2015). Increasing odds of a Greek economic demise have given European stocks a boost relative to the United States. this in turn sent the value of the euro to its lowest level in seven weeks. Ron Anari of Jersey City said the Greek settlement had a positive effect on stock markets. (Jérémy Herron, 2015). The crisis is also considered to have made the shares of European countries more buyable. There are reasons for U.S. investors to be cautious, however, as the rise in the value of European stocks has not happened as quickly as the fall in the value of the euro against the dollar.