Have we done the Greek default which is not a default may actually be a default

[BrilloPad]

How exactly did you arrive to that conclusion (nevermind Germans bit)?

Look at Iceland. Soon as they defaulted things got better after a couple of months. It will be the same with Greece.

As for the Germand bit - the Euro has been run for the benefit of the Germans from day 1. It is a sort of fourth reich. Look at the way German exports benefit from the currency they buse being lower than it would be without the PIGS.

Luckily voters are sheep.

[BrilloPad]

This stuff is starting to get way too complicated for me.

To those who understand these financial instrument thingies, I require simple answers to the following questions:

-Is the world going to end ?

-Will I still be able to buy feta cheese in a weeks time?

Would is not going to come to an end until Nibiru arrives - 6 months to go now.

Feta cheese will be still be available but cheaper.

HTH

[AtW]

Look at Iceland. Soon as they defaulted things got better after a couple of months. It will be the same with Greece.

No, it's not the same, in simple terms:

Iceland:
Exports: $5.3 billion (2011 est.)
Imports: $4.495 billion (2011 est.)

Greece:
Exports: $26.64 billion (2011 est.)
Imports: $65.79 billion (2011 est.)

Do you see the difference? If Greece's currency drops the value of imports they'll be able to afford would be even lower than they'd have to cut now to keep going.

[BrilloPad]

Quite a good article here - Greek bond swap deal rests on knife-edge - FT.com

Greece must get 75 per cent of holders to participate to avoid forcing the deal on holdouts through so-called “collective action clauses” which were inserted retroactively into Greek bonds by the government last week. If less than 66 per cent participate, even the CACs would become invalid, scuppering the entire deal.

A government official confirmed on Sunday that Greece plans to hold a general election on April 29 or May 6