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Signs the market is girding for a Greek default, in 4 charts

From marketwatch.com

If the financial market is a good predictor, you’d better brace for a Greek default. Borrowing costs on Greece’s government bonds have rallied back to levels not seen since 2012, the cost of insuring against a default has surged and investors are moving into safer assets in the eurozone, such as German bonds and equities. These factors all indicate that capital markets are getting increasingly concerned the Greek government won’t reach a deal with its lenders in time to avoid a cash crunch. If the country runs out of money it could face a default and eventually be forced to leave the eurozone. Read: S&P cuts ... (full story)

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  • Category: Breaking News