awake
05-14-2012, 06:59 PM
Via Robert Wenzel
Countdown to Greek Default? (http://www.economicpolicyjournal.com/2012/05/countdown-to-greek-default.html)
Nouriel Roubini tweets: (https://twitter.com/#%21/Nouriel)
The 3 Greek parties didnt approve repayment of a €436m bond due on Tuesday. If no payment occurs there is a 30 day grace period be4 default A. It doesn't appear anyone is in charge in Greece.
B. If there is no one in charge in 30 days, default is near certain.
That should get some headlines.
Is this how it goes down? Government becomes completely impotent and defaults?
Countdown to Greek Default? (http://www.economicpolicyjournal.com/2012/05/countdown-to-greek-default.html)
Nouriel Roubini tweets: (https://twitter.com/#%21/Nouriel)
The 3 Greek parties didnt approve repayment of a €436m bond due on Tuesday. If no payment occurs there is a 30 day grace period be4 default A. It doesn't appear anyone is in charge in Greece.
B. If there is no one in charge in 30 days, default is near certain.
That should get some headlines.
Is this how it goes down? Government becomes completely impotent and defaults?