Question Details
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Will Standard & Poor's rate Greece in default before midnight ET March 31?
Asked by: kroeger98 in
Business
» Economics
Settled on 04/04/2012 10:52 Settled by Stephen Tilley
Settled on 04/04/2012 10:52 Settled by Stephen Tilley
Winning option: http://www.bbc.co.uk/news/business-17187068
S&P declares Greek 'selective default' after bailout
The intention of the market referred to a "uncontrolled default". This condition was not met.
So settled as 'No'
S&P declares Greek 'selective default' after bailout
The intention of the market referred to a "uncontrolled default". This condition was not met.
So settled as 'No'
Predictions
Background
Greece and its private creditors appear to be close to a new debt swap agreement which would avert a likely default on March 20th when Greece is scheduled to repay 14.5 billion Euros of debt to creditors. Still, concern has grown that the deal may not do enough to get the country's debt reduction plan back on track, and that Greece's European partners will be forced to stump up funds to cover the shortfall.
See article here: http://www.reuters.com/article/2012/01/27/us-greece-idUSTRE80P0DE20120127
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