Greece defaults
FYI there is no such thing as a "kind of" or "selective" default. It's binary. You either pay back creditors what they are owed or you dont. It's rare that a company or country defaults on ALL obligations all at once. As a member of Wall Street, I appreciate the WSJ's noble attempt to sugar coat this (article below) but that doesnt change the facts.<p>Ditto watchandwait below.., glad it finally happened.<p><a href="http://professional.wsj.com/article/SB10001424053111903554904576459310597648944.html?mod=WSJPRO_hpp_LEFTTopStories" rel="nofollow">http://professional.wsj.com/article/SB1000142405311190355490...</a>