Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’ – JBG
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When you have to trot out analysts to characterize something as a “calculated retreat” and “not a panic”, it’s a pretty good guess that the panic is on… Greek Debt Crisis – J.H.
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Items from Mr. Econocobas:
Greece Will Default To IMF Tomorrow, Government Official Says – There is still decisions to be played out here but if there is a “default” (extremely likely) and a no vote on Sunday, how this plays out could very well be very ugly…
Greece Closing Banks as Expiring Bailout Spurs Withdrawals
Credit Risk Gauges in Europe Rise by Most Since Lehman on Greece