If it does occur there may not be any need for further downgrades.
If you enjoy the content at iBankCoin, please follow us on Twitter
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
When did Greece become so high and mighty after receiving a bail out? Now they are trying to set their own reforms and standards.
I think Greece has always been “We want your money, on our terms.”
And why not. Austerity has destroyed them enough, might as well try to break Germany and get what they want. What do they really have to lose? 8% deflation rather than 7?
Same information written in a different way – ‘S&P sees Greece exiting Euro as unlikely’. Obviously it’s 2:1 for Greece staying in Euro. Fear mongers.
At least they are a little more precise with their reading than Citi which saw 50-75% chance of a Greek exit…what a joke.