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Greece may need more money, a staggering 100 billion euros to be bailed out of its financial woes. That was higher than the original estimates 60+ billion. For investors, this is one market to stay away from; anything related to Greece is a dangerous investment. Greece's woes may be bearing down on the US economy and scaring investors from investing in the US markets, which in turn could be the reason why the stock market has been failing as of late.
Greece is only one of many struggling countries within the European Union. Ireland also suffered a major meltdown in 2010. The EU is on the verge of a financial crisis itself. At this rate all the European banks will need a bailout. How much more financial loss can Europe withstand? Will Greece affect the Stock Market's ability to make a comeback?
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