As pressure builds yet again over news of Greece, Jim Cramer wonders if investors are spending too much time worrying about Greece. Could the 11 million people in Greece really be able to bring down the entire continent of Europe, with a population of 742 million?
If you were to pay attention to the headlines in the news, then yes, Greece could really be that important. Some have even speculated that Greece is just as important to Europe as the fall of Lehman Brothers was to the United States. They have painted a picture that there is a tremendous amount of systematic risk if Greece defaults on its obligations.
Cramer does not agree.
The "Mad Money" host was reminded of how overblown the situation is when he interviewed Pierre-Andre de Chalendar of Saint-Gobain. This is the 350-year-old materials company that employs 180,000 people worldwide, and has a large concentration on Europe.
Keep in mind that Chalendar is not an economist, he's not a politician. He is a businessman with a unique perspective that has been gained from running a strong European company, one that is right in the heart of construction.