BBC News: Reports that US and EU Stock Markets have tanked today due to the worry that not enough Greek bond holders will sign on to the hair cut deal. As noted in previous post it is expected that Athens will enforce such a deal, this could mean that bonds holders could invoke their insurance against such a move, thus Greece would be in default. Lets hope there is no messy deal to prevent this folks, then Greece can default and restart and the EU will know that it will not have to deal with Greece in the Euro. That would be good news folks.
Tuesday, March 06, 2012
Shares and Greece
BBC News: Reports that US and EU Stock Markets have tanked today due to the worry that not enough Greek bond holders will sign on to the hair cut deal. As noted in previous post it is expected that Athens will enforce such a deal, this could mean that bonds holders could invoke their insurance against such a move, thus Greece would be in default. Lets hope there is no messy deal to prevent this folks, then Greece can default and restart and the EU will know that it will not have to deal with Greece in the Euro. That would be good news folks.
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