I’ve been tracking the possibility of a Greek default for a while, and there have been moments when it looked like Europe might come through with a plan to save Greece. I’m afraid that this ‘rescue’ is looking less and less likely to happen, and when Greece goes down, the EU will go with it.
America will not be far behind.
Greece might survive past the October 17th default line. They might. But, even if they do get past that one, it’s only a matter of time before Greece fails to meet its obligations on a 17th sometime in the near future.