Politico: White House on Greece: Not our problem
Despite stock sell-off, administration says U.S. has little to fear from eurozone crisis.
U.S. stocks tanked on Monday with the Dow giving up all its gains for the year as Greece headed toward default and possible exit from the eurozone common currency union.
And the White House said: not our problem.
The Dow Jones Industrial Average dropped 350.33 points, or close to 2 percent, while the Standard & Poor’s 500 and the Nasdaq each also lost around 2 percent as Greece kept its banks shuttered, fearing a run on cash, and prepared to default on its debt on Tuesday.
Asked about the stock market decline and Greece on Monday, White House press secretary Josh Earnest basically shrugged it off. “The fact is the U.S. exposure to Greece is small, in terms of our direct exposure,” he said. “We do continue to urge all sides to contribute to pragmatic discussions.”
WNU Editor: The U.S. has a bigger problem right now .... Puerto Rico wants to be able to declare bankruptcy (CNN). More to the point .... Puerto Rico poses bigger threat to U.S. investors than Greece (Market Watch).