Greece: The "Debt"-line is near

There has been much talk about Greece defaulting on 20 March 2012. I can't agree more on that statement. By 20 March, Greece needs to pay $US 18 billion in bond payments. In 2014 their $US 100 billion debt matures Here's why I think they won't be able to pay off their debt: Greece: The "Debt"-line is near


Comments

  1. MarlFebruary 21, 2012 at 1:04 PM

    NBG will make me weathy. bankers bail out bankers. US set the bar.

    ReplyDelete
  2. katchumFebruary 21, 2012 at 1:16 PM

    Looks like you don't shun risk. Be careful though, as this artificial propping up Greece can at any time be removed. Then it's like Coyote falling into the ravine.

    ReplyDelete

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