If the greek default was just a rumor, you would think somebody important would have come out by now...
G7 must act to avoid 'Black Monday' crisis
There is little doubt now that G7 faces a crisis meeting this weekend as the European debt disaster continues to escalate. A bold approach is needed to save the Euro from collapse with a commitment to boost growth at all costs. The latest body-blow for the Euro-zone and Euro comes in the form of ECB member Stark’s resignation. Officially this is for personal reasons, but there are strong reports that his departure is due to policy differences over the ECB peripheral bond buying programme. Stark was reported to have voted against the ECB bond buying in August’s council meeting so it was clear he had big objections ... (full story)