S&P Reconfirms Greek Debt Restructuring Likely a Default; Forget About "Voluntary Restructuring"

"Unless this is a planned setup of some sort, forget about this mad dash by EU officials and the ECB to come up with a "Voluntary Restructuring" plan that will not constitute a default.

For the nth time, the S&P has reconfirmed Greek debt restructuring likely a default

"Past experiences show that restructuring the debt of a country, whose creditworthiness is rated at CCC like Greece is currently, tend not to be voluntary and investors must sustain losses," Moritz Kraemer told Die Welt in an article due to be published on Tuesday..."

at  http://globaleconomicanalysis.blogspot.com/2011/06/s-reconfirms-greek-debt-restructuring.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29