EuroZone Disaster – Probability That Greece Defaults is 98%
According to this report the odds that Greece defaults on its obligations to the EuroZone is now at 98% which only proves, once again, that bailouts works….works to grind the economy to a halt and ensure that any recovery is impossible.
Greece has a 98 percent chance of defaulting on its debt in the next five years as Prime Minister George Papandreou fails to reassure investors his country can survive the euro-region crisis.