Greece in the news
January 17, 2012
This is The King Report, which I get every day. Bill scans so many papers worldwide and brings us links to the important stories. Today, the first half dozen or so are about the continuing deterioration of the Greek crisis. He offers brief summaries, along with links. You might want to read a few, but the summaries give you a flavor of the crisis mode in Europe, "S&P expects Greece to default shortly "'Greece will default very shortly. Whether there will be a solution at the end of the current rocky negotiations I cannot say,'…'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.' "Greek creditors bridle at demands, default fears grow "'Cash-strapped Athens needs a deal with the private sector within days to avoid going bankrupt when 14.5 billion euros of bond redemptions fall due in late March…Athens sent senior officials to Washington to consult with the International Monetary Fund.'"