Greece could default within hours

I dont get it. They keep throwing money at Greece. They KNOW they wont get it back....dumb fcks!

Even if greece defaults, I doubt anything dramatic will happen. Really can't see it. After three years they have their wagons circled.

[link to money.cnn.com]

NEW YORK (CNNMoney) -- For a country that has faced many moments of truth over the past few years, Greece is on the cusp of what could be a real make or break moment.

this, and i doubt it will happen, i heared that so often, they always get money from anyone and avoid the default

IT'S ON NOW, MOFO'S!

The Domino Effect will infect the entire the Entire Global Financial Structure!

AND CRAM THAT FLAG UP YOUR ASS SIDEWAYS!

they will default if nothing unreal happens. they need 75% of the bondholders to agree to the debt swap and only 39% agreed yet.

Deadline is thursday March 8th evening

Someone has to knock some sense into these doom retards.

Greece - 4,000 years old
European Union - 19 years old

Greece will survive. The EU probably not.

[link to www.telegraph.co.uk]


So this is it.

Someone has to knock some sense into these doom retards.

A 30-Second Guide To The Precarious Situation In Greece Right Now

Read more: [link to www.businessinsider.com]

There is, however, a third scenario here—complete failure of the bailout deal:

3) An insufficient number of Greek bondholders go through with the bond swap (Greece has said less than 75% but analysts are thinking 66.67%). Greece can't activate the CACs and the troika probably won't pay out its aid money. Thus Greece will not be able to pay off €14.4 billion ($18.9 billion) in debts maturing on March 20.

This last possibility, though unlikely, is still very real. This would constitute a "hard" or "disorderly" default, and many analysts predict that this would necessitate Greece's leaving the euro.

The Greek government will know what percentage of its private creditors will participate in the deal tomorrow at 3 PM EST. Most analysts expect outcome #1—between 75 and 90 percent of bondholders will participate—but we won't know the outcome until tomorrow at the earliest.

[link to www.telegraph.co.uk]


So this is it. After three years of high drama, the European Union is staring at its first ever sovereign default. And ironically, unlike every other deadline so far, this one looks set to happen precisely on time.