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S&P Says Greek Default Imminent
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S&P Says Greek Default Imminent# Stock
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S&P Says Greek Default Imminent
by Tyler Durden
Time for the dominos to fall where they may: head of sovereign ratings at S&
P Kraemer spoke on Bloomberg TV, and said the following:
KRAEMER: GREECE, CREDITORS `RUNNING OUT OF TIME' IN DEBT TALKS -BBG
KRAEMER: EURO LEADERS HAVEN'T TACKLED CORE UNDERLYING PROBLEMS -BBG
KRAEMER SAYS EUROPE MUST DEAL WITH IMBALANCES, COMPETITIVENESS -BBG
And the punchline:
KRAEMER SAYS HE BELIEVES GREECE WILL DEFAULT SHORTLY - RTRS
The only thing he did not add is that the default will be Coercive. What
happens next is anyone's guess, but whatever it is it is certainly priced in
. Also, let's not forget that the inability of the market to react to any
news ever again is most certainly priced in.
http://feedproxy.google.com/~r/zerohedge/feed/~3/08jM52lr_uo/sp
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