Can We Please Stop Talking About Greece?

If you're not experiencing Greece Fatigue just yet, this article may help you along.

Can We Please Stop Talking About Greece? 

Courtesy of Michael Johnston of Fund Reference 

Greece continues to get plenty of coverage, but it isn't nearly as important as the headlines would have you believe.

For what seems like the better part of a decade, Greece has dominated the headlines of the financial media. For whatever reason, there has been a tendency to attribute daily moves in the market, both positive and negative, to the latest developments in Athens.

If you didn’t know any better, you’d likely think Greece was one of the world’s largest economies and that the fate of global markets hung in the balance. The fiscal problems in Greece are real, but the threat to the global economy is grossly overstated.

Investors have spent far too much time worrying about a country with an economy slightly smaller than Connecticut’s.

[Connecticut!?]

From a population perspective Greece is even less significant, representing approximately 0.15 percent of the global total. The country would be the third-largest city in Pakistan:

If you want to keep squabbling about Greece, please try to keep it down. I’ll be over here chatting with the 16 million Americans who think Paul McCartney died 40 years ago, and I want to make sure I can hear their every word.

Sources (GDP)

1. World Bank
2. US Government Revenue
3. Brookings Institute
4. Forbes
5. US Government Spending
6. Yahoo! Finance
7. International Monetary Fund

Sources (Population)

1. World Bank
2. Largest Cities: Various Sources
3. Highest Grossing Concerts: Various Sources
4. IGN
5. The Guardian
6. The Wire and Public Policy Polling
7. Variety
8. Cnet
9. Top Grossing Movies
10. Project Know
11. Best Selling Albums: Various Sources
12. BRG.com
13. Travel and Lesiure
14. Tech Times
15. Best Selling Video Games: Various Sources
16. Minecraft.net
17. Fortune
18. Best Selling Albums: Various Sources
19. Los Angeles Times
20. Box Office Mojo and National Association of Theater Owners
21. Wall Street Journal
22. Stop Predatory Gambling
23. Liberty Voice

Feature image credit: Steve Swayne