Greek Default; Next Week Will Be Interesting
Posted on February 17, 2012 at 18:08 PM EST
Analysis by: Wolf on Wall StreetForget about March 20th, Greece could be in default as soon as next week.Today the ECB completed their bond transfer with Greece, brand new shiny bonds and they get to say they were the first kids on the block with them and this came somewhat out of the blue. This seems to put an end to the IMF's idea that the ECB should take a loss on their Greek GBG bond
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