Normal
You can only kick a can down the road for so long......I give it 6 weeks at most till they are finally consigned to an 'orderly' default? The real problem is oil - they simply won't have funds to buy fuel, and nobody will extend them any more credit to buy any. The country will literally come to a physical stop as well as a financial freeze. Classic negative contagion.......Italy is next........so the market is saying....?
You can only kick a can down the road for so long......I give it 6 weeks at most till they are finally consigned to an 'orderly' default?
The real problem is oil - they simply won't have funds to buy fuel, and nobody will extend them any more credit to buy any. The country will literally come to a physical stop as well as a financial freeze. Classic negative contagion.......Italy is next........so the market is saying....?
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