PROBLEMS IN GREECE WASH ASHORE.

The article focuses on the author's analysis of the financial crisis suffered by Greece and the threats this posed on other peripheral countries of Western Europe. She mentions the 750 billion euro bailout package of the European Central Bank (ECB) to assist in stabilizing the euro against the U.S. dollar. She believes that while the bailout resulted to the immediate revival of Greek government bonds, the Greek crisis showed the dependence of securitized products on general market sentiment.