Obama says that the Greek default won’t be a major shock to US market, conspicuously he is not saying that Puerto Rico default on $72 billion in debts will not be a major shock to US markets. According to most observers this will be a major shock.
Wednesday, July 1, 2015 7:10
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WASHINGTON (Reuters) — President Barack Obama said on Tuesday the financial crisis in Greece should not create a major shock for the U.S. economy, but warned that its fallout could dampen global growth and encouraged both sides to reach a deal.
