Obama Speech

WindUpBird

By then Greece will have already defaulted and kicked out of the EU, causing a global recession.

That's a bit pessimistic.

Nine Boomer

By then Greece will have already defaulted and kicked out of the EU, causing a global recession.

That's a bit pessimistic.

We can't let a superpower like Greece fall!

WindUpBird

By then Greece will have already defaulted and kicked out of the EU, causing a global recession.

That's a bit pessimistic.

We can't let a superpower like Greece fall!

Heaven forbid, amirite?

KapitänTim

If Greece falls then others need to watch their step. They may slip.

Codger

Greece Out of Money by October 17; Greek Banks Refuse to Fund Government T-Bills; Greece Freezes All Disbursements Other than Wages and Pensions

So yeah, the yield of the 1 year bond for Greece is almost 100%... Compared to the 1 year U.S. Treasuries 0.09%.

The EU is now trying to talk itself into not paying the next tranche of bailout money i.e. Not throwing more good money after bad.