It has been several days now that most of my shares in the stock market are colored red although I have already gained from my initial investments but it still didn’t reach my target goal yet. On the other hand, I am also skeptical of selling it for this might only be a short term decline and who knows it will start climbing back again in the coming week. And this might be caused by the economic turmoil in Greece that was provoked by the global financial crisis four years ago.
While based on reports and statistics, Greece’s two biggest contributor of their GDP is tourism and shipping. And when the Eurozone was hit by the financial crisis, those two industries have been in a decline. But of course it doesn’t point only to those of the two mentioned factors and could only be minimal comparing to the Greek government debt crisis.
And there have been so many speculations and there’s a possibility that Greece could leave the Eurozone and will have a big impact to the Eurozone stocks if Greece makes a disorderly exit from the Euro zone. Thus creating the slang word “Grexit”.