At the risk... again... of being off topic, I believe that Greece is a microcosm of the broader problems of worldwide debt, bonds, and liquidity. The ECB and the IMF are coming under closer scrutiny and the leaders becoming much less definitive about their positions.
The timeline is the big question. Greece solvency has been on the table for years, and many current prognostication are for kicking the can down the road to September, or later. The window for international moments of truth, may be 2 to 5 years hence, though the interim may see reprises of situations like Argentina or Brazil.,.. or new resolutions that have never been seen.
Just an opinion, but a reminder that financial crises do not happen in a vacuum.
The timeline is the big question. Greece solvency has been on the table for years, and many current prognostication are for kicking the can down the road to September, or later. The window for international moments of truth, may be 2 to 5 years hence, though the interim may see reprises of situations like Argentina or Brazil.,.. or new resolutions that have never been seen.
Just an opinion, but a reminder that financial crises do not happen in a vacuum.