The recently (barely) successful vote of confidence in the Prime Minister of Greece means nothing. Greece will default. What cannot be paid back will not be paid back. Next up: Ireland, Italy, Spain, Portugal, and maybe the USA? The only question is: how much deeper will they dig the hole before the sides cave in and default is the obviously-only answer?
There is a 0.002% chance that the global economy will pick up enough to inflate the Eurozone out of its current mess. I hold not my breath in anticipation of this.
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