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  1. #13
    Senior Member Senior Member gaelic cowboy's Avatar
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    Default Re: The continuing battle against the inevitable Euro area default

    Quote Originally Posted by Sarmatian View Post
    That's not a default, that's debt restructuring.

    Did they get paid the money they were supposed to?


    Unlike some of the people posting here I dont believe a default is the end of the EURO in fact it's the lack of default the makes the end of the EURO more likely.

    Eventually the ECB will burn people holding Eurozone paper and basically nothing will happen in fact I bet after a few weeks the markets forget about it and start rallying.
    Last edited by gaelic cowboy; 07-19-2012 at 10:37.
    They slew him with poison afaid to meet him with the steel
    a gallant son of eireann was Owen Roe o'Neill.

    Internet is a bad place for info Gaelic Cowboy

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