Looking at the Crypto market caps, the Lemmings seem to think disaster has been averted in Greece. That's almost as comical as California and Illinois coming up with a plan they can stick to. First of all, even if Greece could agree to a plan that produces a billion dollar a year surplus, they would still be paying on these loans for the next 320 years. That doesn't include interest. Of course it's expected that the EU will write off some of this debt to save the Euro, and keep Greece in the bankrupt economies club. I guess someone has to lose at the casino, but who will agree to be the chump? Germany is the only major country running a budget surplus. Latvia is the only other country using the Euro that has a surplus, maybe they will come to the rescue? Sorry to be pessimistic, but I believe a hard look at the numbers will bring more disagreement between Greece and the EU creditors.
If you consider how few countries actually run a surplus, it's pretty ridiculous to believe Greece might become one of them...
Funny they called it the MECometer http://mecometer.com/topic/budget-surplus-deficit/Go Megacoin!http://www.valuewalk.com/2015/01/greece-default-odds/Pretty strong odds even for Vegas.
"The gamblers watching the Greek election have spoken, and they see the potential for a Grexit. The odds of Greece leaving the Euro currency is 4 to 1, according to gambling web site Paddy Power.
The betting web site thinks Greece leaving the Euro before 2018 is the most likely of all results it is handicapping. The betting site says the odds are 7 to 1 that the European Commission confirms that Greece has ‘defaulted’ on debt in 2015, assumedly debt default as determined by the International Swaps and Derivatives Association (ISDA). ISDA declared the government of Argentina in default of its bond obligations last summer, a rare but increasingly common issue.
Greece: As negotiations progress, watch to see if investors take a haircut
Those close to the situation are going to be carefully watching negotiations, as the key issue to watch will be if Greece can force bond investors into a haircut rather than just re-structuring its debt over a longer period of time. The negotiations are expected to become a template for other troubled sovereign nations in Europe, with Spain, Portugal and Italy closely watching to see if Greece can have portions of its debt simply forgiven."