Jun
21
2012

ABC: European Elections Matter, Mostly to American 401(k)s

Parliamentary elections in Greece saw the conservative-leaning New Democracy party win a narrow victory over the left-wing anti-austerity Syriza coalition. This was good news for an array of major players who prefer Greece to stick to the current punishing bailout plan arranged by European countries. ABC World News showed which angle mattered most when anchor Diane Sawyer led a report (6/18/12) on the election results this way: And now we move on to your money and the momentary sigh of relief for every American with a 401(k). The voters of Greece this weekend decided to stay the course in Europe, […]