Greece Again - Greek Crisis

Telegraph: Reports that only about 40% of Greek bond holders have accepted a hair cut deal, as the article notes this “ tally was still far short of the 95pc needed to avoid being officially declared in default. ”. Even if Greece enforces a write off this will be seen as a default by those that insure the bond holders, in other words folks the watchman is waiting and he has a big knife to place Greece on the chopping block. The Markets fall this week is the market getting ready for a default, lets get it over with folks, its like water torture, but rather than sharp and fast, its slow and grinding and getting one ones nerves.