Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’ [1] – 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 [2] – J.H.
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Items from Mr. Econocobas:
Greece Will Default To IMF Tomorrow, Government Official Says [3] – 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 [4]
Credit Risk Gauges in Europe Rise by Most Since Lehman on Greece [5]