“Orderly default” in Greece? Good luck. It’s not if Greece defaults but when.
None of the fundamental economic problems in Italy or Europe or anywhere else have been addressed … let alone fixed. So the problem will only spread.
Fraud largely caused Italy’s – and Europe’s, and the entire world’s – financial problems.
Let’s be honest: We’re seriously due for a bunch of sovereign defaults right about now
All brought to you by Wall Street banksters and the Fed, who insist upon throwing good money(our money) after bad, so the bankster bondholders don’t have to take a haircut on their bonds.
But their criminal greedfest is over. There’s no way to kick the can down the road with sovereign defaults. And people are going to be seriously pissed. These parasites have knowingly cratered the economy of the US and Europe. There will be payback.