September 24, 2011

Breaking News: Greece to default after October

And just minutes after my last post wondering when to let Greece go, Sky News is anticipating the EU make up their minds in letting Greece default after October.

More from Sky News correspondent Ed Conway (via Twitter):
  • G20 now preparing itself for Greek default after October - Sky sources. Will be on Sky News imminently with more
  • G20 sources: all efforts behind the scenes (by G20 members) are now going into recapitalising banks, preparing economies for default.
  • G20 sources: default not expected until after Cannes G20 early November. Emergency funding should still keep Greece afloat thru October
  • G20 sources: No suggestion Greek default need imply country leaving the euro
  • G20 sources: @ Washington summit marked difference in attitude. Confident euro members edging closer to recapitalising banks, expanding EFSF
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