After Dubai and Greek, UK, Germany, Spain and Ireland also at high risk for debt defaults as early as 2010.
By Daniel at 15 December, 2009, 11:35 pm
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Big rise in US producer prices:
http://news.bbc.co.uk/1/hi/business/8414520.stm
In October 2008 Greece provided a €28 Billion bailout for Greek banksters. At the time the PM said this would not impact its sovereign debt risk, however this took it over the edge:
http://english.capital.gr/news.asp?id=597639
Greece PM calls for national unity as it imposes massive spending cuts as he warns their economic situation is close to “sinking under it’s debts”:
http://news.bbc.co.uk/1/hi/business/8411749.stm
Greece says it’s not seeking an EU bailout for the country:
http://www.irishtimes.com/newspaper/finance/2009/1216/1224260756263.html
Greek PM seeks all party support on austerity plan a she says Greece risks drowning in debt. Moody’s says Greece could be downgraded and a sovereign default risk in 2010:
http://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR2009121501115.html
Greek PM appeals for clam as rioting erupts again as it’s debts cost 5% of total GDP just to service its debts:
http://www.javno.com/en-world/greek-pm-vows-to-fight-corruption-after-protests_215345
BBC article shows several European countries at risk of debt defaults, with Greece at extremely high risk according to debt as a proportion of GDP, with Italy also at an extremely high risk and UK, Germany, Spain and Ireland also at high risk for debt defaults as early as 2010.
http://news.bbc.co.uk/1/hi/world/europe/8413391.stm
- LearnFromMistakes
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