There is always a price for promises you don't keep!
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Greece to default but not leave euro zone-Fitch
Greece will probably default but will not leave the euro zone, Fitch credit ratings agency said on Tuesday, as pressure increased on the Greek government to push through with fiscal reforms. International lenders told Greece on Monday it must shrink its public sector to avoid running out of money within weeks. While widely expected, a Greek default would further unsettle already nervous financial markets, fuelling fears a precedent had been set for other struggling euro zone states and sending yields on other peripheral bonds sharply higher. However, Fitch did not expect Greece to leave the euro zone, as some in ... (full story)
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There is always a price for promises you don't keep!