S&P: Greek Default Imminent.

[sport02]

S&P senior official Moritz Kraemer has told Bloomberg this afternoon that Greece will default very shortly. Last Friday PSI talks broke down and are set to resume on Wednesday.
The chair of the negogiations Dallera from the IIF had also said last Friday if a deal is not reached this week, Greece will have to default.

Greece has a bond repayment coupon of 14.5 billion euro in the coming weeks and needs a deal done, as it was agreed last October 130 billion euro with private creditors on board.

S&P expects Greece to default soon | Reuters

Today's comments from S&P seem to reaffirm that the mood in the talks is pesamistic. The Economist is reporting that hedge funds are 'stinking' the process and playing hardball.

In the meantime the Greeks have despatched a senior delagation to Washington for talks as fears grow that europe is on the brink of a eurozone country defaulting.

Twitter

[toxic avenger]

Inevitable, and has been for a long time. The question is who will follow, and how many months afterwards...

[southwestkerry]

Been a long time in the works I well watch with my can off Hinickeen in one hand and a fag in the other.

[jetttxyz]

Ah no!! We've been beaten into second place!

[sport02]

Inevitable, and has been for a long time. The question is who will follow, and how many months afterwards...

Good point, this from the Economist today.

The EU has said that the Greek deal won't set a precedent for other nations. But, pull the other one. The EU has said a lot of stuff during this crisis and has backtracked many times. The bigger the write-off for Greece and the more aid (in terms of cheap finance), the more other nations will be encouraged to default and the greater the worries of creditors of other nations. That's why the Greek deal (or lack of it) is so crucial.

[Spanner Island]

S&P senior official Moritz Kraemer has told Bloomberg this afternoon that Greece will default very shortly. Last Friday PSI talks broke down and are set to resume on Wednesday.
The chair of the negogiations Dallera from the IIF had also said last Friday if a deal is not reached this week, Greece will have to default.

Greece has a bond repayment coupon of 14.5 billion euro in the coming weeks and needs a deal done, as it was agreed last October 130 billion euro with private creditors on board.

S&P expects Greece to default soon | Reuters

Today's comments from S&P seem to reaffirm that the mood in the talks is pesamistic. The Economist is reporting that hedge funds are 'stinking' the process and playing hardball.

In the meantime the Greeks have despatched a senior delagation to Washington for talks as fears grow that europe is on the brink of a eurozone country defaulting.

Twitter

Greece has already defaulted... 50% written off their debts...

S&P need to get ahead of the curve and start telling us stuff we don't already know.

And the media need to stop over-reacting to stuff we're all well aware of.

I see the markets didn't go mental today, despite a weekend's worth of bullsh!t in the media.

[Hooch]

Imminent?

Again?

[harshreality]

A Greek default has been an inevitable occurance for a while now. With the French so exposed to the Greek crisis I wonder if their rating will be downgraded again or was the last downgrade based on Greek default. Anyway it has been predicted for so long I wish they would get the whole sorry business over and done with. At this stage it is like having a prisoner on death row, just do the execution already.

[sport02]

Greece has already defaulted... 50% written off their debts...

S&P need to get ahead of the curve and start telling us stuff we don't already know.

And the media need to stop over-reacting to stuff we're all well aware of.

I see the markets didn't go mental today, despite a weekend's worth of bullsh!t in the media.

As partially or fully not voluntary, causing a credit event.

[harshreality]

Greece has already defaulted... 50% written off their debts...

S&P need to get ahead of the curve and start telling us stuff we don't already know.

And the media need to stop over-reacting to stuff we're all well aware of.

I see the markets didn't go mental today, despite a weekend's worth of bullsh!t in the media.

No no no Spanner Island that was debt restructuring wink wink not default wink wink.
When that 'restructuring' was done the D word was almost banned from use.