It's always dangerous to draw big conclusions when markets react to developments in a crisis. Today we read in USA Today that financial markets are rebounding because a leaked letter from the Greek government indicates they're ready - if only because they have no choice - to give into to reform demands from their IMF and EU creditors. That, everyone seems to hope, will lead to a new bailout deal and avert a major financial meltdown stemming from Greece's default on its original deal (which happened on Tuesday when they missed a $1.8 billion payment to the IMF) and the Greeks' likely exit from the Eurozone:The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
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