NEW YORK (
) -- Greece's debt isn't the end of the world, Jim Cramer said during Tuesday's
segment on CNBC.
This is not the first time countries have suffered. "I traded in the 80s when country after country went down in Latin America," Cramer said.
Unlike business, countries don't file for Chapter 11. "Countries don't go out of business and people don't move to another country," Cramer said. Switzerland and Iceland are broke, "but who cares," he continued. "These countries will all do well."
Hedge funds trade on Greece's looming debt issues, and give investors opportunity to buy stocks like
, Cramer said. "Our companies are fundamentally sound.
"We can treat every single crisis as a reason to sell Coca Cola, or we can accept it's a good company," Cramer said. "If you want to go sell
because of Greece's debt, go ahead -- and I will buy it from you nine days out of ten."
-- Reported by Jeanine Poggi in New York.
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