Greece has had a rocky history in its fundraising efforts. In 2011, when a bailout package was agreed upon by the country as well as certain allies, Greek Prime Minister George Papandreou decided to not pass the bailout package himself. Rather, he decided to hold a referendum. Attempting to pass an important measure via popular election may or may not be detrimental for the nation’s well-being.
Papandreou’s decision was disheartening for many investors, evidenced by significant downturns across global markets. Almost like an identical echo, the lack of clarity in Greece’s current deal is making global investors nervous. Ultimately, investors want to know what to do to protext themselves from volatility.
Let’s face it, one day, the Dow swings up 2%, and the next, it swings down 2%. Unless you are a professional trader and have been doing this for years, it can be very difficult to trade the swings associated with the news. In fact, many professional traders cannot even keep up with the madness themselves!
