Is this really the end of europe?

+2 votes
Greece. Ireland. Portugal. Now: Spain.
The newest development is that Spain has become the fourth country to take a bailout from the European Central Bank—though Spanish Prime Minister Mariano Rajoy has refused to call the €100 billion injected into his country’s banking system a bailout, since the EU has bolstered the banking sector without actually reducing the burden of Spain’s government debt.
And then we have the Greek election this weekend.

What do you think is the best approach in this market? What stocks would you consider?
       
asked Jun 14, 2012 by Zane Chinn (407 points)   1 1 5

2 Answers

+2 votes
 
Best answer
This might sound crazy but I would buy financial stocks.
With their current price they are simply bargains out there and when this madness is over (which I think would be next week) we should see an increase of up to %30 in 3 months.
       
answered Jun 15, 2012 by Xavier Whitlam (403 points)   5
+1 vote

It is not the end of Europe. Even I would say, unfortunately it is not the end of Europe.

No one caring about the people. Everything is in honor of common interests of the big heads.

answered Sep 4, 2012 by gummy_El (172 points)   1