Greece is o-fishully in default on their sovereign debt. Credit default triggers swaps, and the big investors lose nothing, much. Those of you not reading Mish will want to know (because nobody else is saying) it: Greece is about to fall out of the Euro zone. The Euro was supposed to be a permanent institution based on strong national economies as members.
Right about now would be a bad time to be traveling to Greece, unless you don't mind a bit of adventure.
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