Not Good In Greece…

parthenon athens greece

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Not that the market cares anymore, but… Greece isn’t getting any closer to completing a voluntary deal to restructure its credit.Now the WSJ is reporting that the restructuring may be “forced” which was a situation that the late October EU Summit was designed to avoid.

Earlier we mentioned how Nomura’s Bob Janjuah was out predicting a hard default for Greece in March. That’s looking a little more likely.