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Greece has defaulted. You're overstating that -- I smell a troll. Greece did not default. China's stock market just dropped 30% False. It dropped 3.9%, hardl
by sabat 15y ago
Greece has defaulted.
You're overstating that -- I smell a troll. Greece did not default.
China's stock market just dropped 30%
False. It dropped 3.9%, hardly a serious problem for the Hong Kong market.
After that, Italy/Ireland/Portugal/Spain/Austria/Belgium will soon follow, and France will be downgraded, and Germany will leave the EU.
Yes, and then the sea will turn to blood, the fields will be infested with locusts, the Moon will explode, and every human on Earth will break out with huge boils on their skin.
Soon we'll all be living in caves and hurling feces at each other.
- chailatte 15y agoChina's stock market dropped 30% this year to date So Europe's bank implodes. People will live normally, just with more austerity. Who said caves and feces?
- btilly 15y agoYou're overstating that -- I smell a troll. Greece did not default. In http://www.telegraph.co.uk/finance/financialcrisis/8653634/Greece-to-default-as-eurozone-agrees-159bn-bailout.html http://www.telegraph.co.uk/finance/financialcrisis/8653634/G... I see Greece being described as having defaulted. Perhaps it is not publicly being called a default, but for all intents and purposes it is one.
- Lozzer 15y agoHave the counter-parties insuring Greek debt paid up?
- btilly 15y agoNo. However Fitch put a "default" rating on Greek bonds, and there were headlines declaring a default. The trick is that private parties are supposed to "voluntarily" forgive Greek debts. But they are negotiating with a gun to their head. And one way or another Greece won't be paying what it says it owes. So some people call it a default. Others don't. But it is a pretty fine distinction either way.