Additonal on the ONGOING Greek Default….

Fitch Cuts Greek Rating, Says Debt Exchange Equals Default – Forbes

Fitch Cuts Greek Rating, Says Debt Exchange Equals Default

Wednesday’s action from Fitch comes a day after Greece secured a
second package of bailout loans from the so-called Troika – the IMF,
European Commission and ECB – worth €130 billion. The agreement with
private sector bondholders on 53.5% haircuts is crucial to reduce
Greek’s debt burden to a level that is manageable, at least in the short
term, but still awaits creditor approval over the next few weeks.

The deal is not enough to save Greece from a default though, Fitch said Wednesday

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Greece Defaults!!

Greece “Officially Defaults” March 23, Banks Close

Wonder why European leaders appear more like a rotating cast of bumbling 3 Stooges than a team of coordinated fraternal bureaucrats throughout the debt crisis in Greece?  British investigative reporter John Ward of The Slog may have shed some light on to the matter of Greece and the strategically planned hard default of the beleaguered nation’s financial obligations at the close of business March 23.

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See Also…

Astonishing details of a Greek default plot hatched by Wall Street and the White House (with the knowledge of both Barack Obama and Hillary Clinton) have been backed up by growing evidence of an undercover US Fed ‘swap’ deal to bankroll Mario Draghi’s eurobank liquidity programme . As a quid pro quo for this disguised loan, the US demanded a ‘leper’ default for Greece – with a much bigger European-funded contagion firewall than currently exists. But the plans may be derailed by intransigence in Berlin.

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“I sincerely believe that banking establishments are more dangerous than standing armies and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling on a large scale.”
– Thomas Jefferson to Eldridge Gerry 1799