Default: A big, fat Greek disappointment?

Default: A big, fat Greek disappointment?: "A Greek default is being treated like an inevitability in the market, with the cost of insuring against such an event soaring to record levels. This is due, as we well know, to the fact that European finance ministers denied Greece a final installment of bailout money until it enacts an austerity plan, and that Prime Minister George Papandreou now faces a vote of confidence on his package of cost cutting measures."

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