S&P: Greek Default Imminent.

[sport02]

Twitter

[Ribeye]

TWIP, the Super Bowl and a potential default by Greece,

If carlsberg did Sunday nights!

Hold firm Greece, hold firm!

[Impartial_Eclipse]

TWIP, the Super Bowl and a potential default by Greece,

If carlsberg did Sunday nights!

Hold firm Greece, hold firm!

Sky News is reporting that the Greek coalition parties will continue discussions tomorrow.

Translation: they're still deadlocked.

[robut]

Translation: All hot air, bluster & grand standing?

They will push it to last minute tomorrow / next few days and then accept the new bailout with all conditions. We will be back here in another year or less for more ..

Robut

[sport02]

There is going to be civil unrest in Greece. Reports out this morning suggest if deal is reached, that public sector workers take a 25% pay cut. Some earning 750 euro a month, down to about 600 euro. Minimum wage now seems agreed to take a 20% cut.

If they accept the Troika deal, some politicans face a tough general election in eight weeks time.

Also some analysts saying that deal maybe already done, and what we hear in the media now is Greek theatrics to a domestic audience trying to convey they're fighting the good fight as elections loom in April.

Fitch,S&P Still say they will treat deal as a default.

[constitutionus]

ah i reckon the media are just blowing smoke on that front sport.

newstalk just did an item opening with "rumours are a deal has been done !"" and ended with "well - no one hasnt."

how fecking LONG has the media been talking up this one ?

[LDF]

Does anyone know who will lose out if this deal gets done? I'm thinking specifically of Credit Default Swaps..

[Ulster-Lad]

11.48am: Frustrations at the missed-deadline-that-never-was over fresh Greek austerity measures is brilliantly articulated by Louise Cooper, of BGC Partners, who gives us an etymology lesson. "Deadline", she reminds us, was originally a Civil War term for a line that marked the boundary beyond which a prisoner could not go without being shot.

Yet again a Euro crisis deadline has been proved to be not as its definition would suggest - I think the Oxford English Dictionary needs to update its meaning of deadline to include a Eurozone version - likely to be missed, more of an optimistic hoped-for time frame rather than an actual reflection of the days and weeks needed to get something achieved.

Eurozone crisis live: Greece talks grind on as 'deadline' passes | Business | guardian.co.uk

Classic

[Ulster-Lad]

12.24 A worrying tweet from Bruno Waterfield, our Brussels Correspondent:

#eurozone: 'scenarios for Greece's exit from euro have turned to plans,' Greek commission tells To Vima tis Kyriakis


So, while Merkel and Sarkozy sau they want Greece to remain in the eurozone, plans for its exit seem weil underway.

Debt crisis and Greek debt talks: live - Telegraph

bye bye Greece

[Danny10]

Greece is defiantly Europe's most unstable nation. Another few years of these crippling austerity programs and the communist KKE will become the main political force in the country - at which point they'll refuse to pay their debs anyway. If the Troika have any sense they'll just keep throwing the money in and running the Greek economy to keep them stable.