Greece: Default scenario at stake

While Europe looks for way out of debt crisis and the markets are pushing for immediate decisions, the unilateral action scenario by the Greek side is gaining ground. The “bomb-plan” revealed on Tuesday by sofokleousin.gr begins to find support. Barroso is already supporting controlled bankruptcy, while the Head of German Commerzbank recommends a declaration of default. The process will intensify in the coming days on the context of Eurogroup and Summit while the issue will be addressed, especially since it delayed the release of sixth installment, which will be probably provided in November.
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