- I can’t tell you which of the last 5 straws will break the camel’s back. But it is coming. The sovereign debt domino will fall and it will cascade across the world. Got physical gold yet?
- S&P expects Greece to default soon!
(Reuters) – Greece will default shortly on its debt obligations, a senior Standard & Poor’s official told Bloomberg Television on Monday. “Greece will default very shortly. Whether there will be a solution at the end of the current rocky negotiations I cannot say,” said Moritz Kraemer, the head of the agency’s European sovereign ratings unit. “There is a lot of brinksmanship on and a disorderly default will have ramifications on other countries but I believe policymakers will want to avoid that … The game is still on.”
(Reporting by Emelia Sithole-Matarise and Anirban Nag)