European Markets Plunge as Greece Threatens to Default
Thursday, 08 March 2012 09:40
Posted by David Icke

'Bourses across Europe shed more than 3pc each as Greece said it was ready to impose the €206bn restructuring on bondholders who do not vote for it by the 8pm GMT deadline on Thursday.
After a meeting in Frankfurt on Tuesday, the Greek Debt Management Agency "confirmed" that, if a majority of bondholders agree to the deal, it "intends... to declare the proposed amendments effective and binding on all holders".
Traders took the statement as a warning that Greece was expecting to use the Collect Action Clauses (CACs) to force through the deal. Rating agencies have warned that the retrospective measure, which was approved by Greek politicians last month, would constitute a sovereign default - the first in the eurozone's history.'
Read more: European Markets Plunge as Greece Threatens to Default
| < Prev | Next > |
|---|
|
|
|
|
|
|
Related headlines
- Designated Greek Finance Minister Resigns Due to Health Problems
- How Goldman Wired Greece for Implosion
- The Experiment Has Failed. Are You Ready?
- Forget The Election Results - Greece Is Still Doomed And So Is The Rest Of Europe
- Greece Election Vote Leaves Euro in Balance
- Greeks Rail Against Germany’s Interference in Their Affairs
- EU Admits Discussing Plans to Limit Withdrawals from Cash Machines and Impose Border Checks if Greece Quits Euro
- Greek Euro Exit on Agenda if Bailout Deal Violated: France
- Greece and the Global Crisis of Capitalism
- Greek People Drain Banks Amid Economic Uncertainty
Premier subscribers

Premier subscribers get exclusive content, videos and a weekly newsletter emailed every weekend. Plus access to our massive newsletter archive going back to 2005.
Follow Us
Events
Gareth Icke Live At The Wembley Arena - The First Two Songs
The Brilliant New Album By Gareth Icke
... And his hilarious new book ...
Remember Who You Are - the great new song written and performed by Gareth Icke

Gareth Icke - The new single from the album A Brand New Battle

Gareth Icke: 'This man has the world in his hands and I for one wouldn't count him out of world domination he is that good' - Kelvin Knight, Manager of The Human League

Get the latest
Online shop
The Global Conspiracy
David Icke examines many aspects of the global conspiracy and connects all the dots. The picture that appears is astounding. A must-read.
View this product
Freedom or Fascism
David Icke presents 15 years of research into the Global Elite, The Shadow Government, The Global Conspiracy and the cosmically and spiritually asleep human race. Get the 3-disc DVD.
View this product
The Oxford Union
In this two-hour DVD filmed at the Oxford Union, David encapsulates humanity's plight and how to secure our freedom. Find out what is really happening in your world, and why.
View this product
Beyond The Cutting Edge
David presents a 7 hour DVD of extraordinary dot-connecting, presenting his big answers to the big questions. Who are we? Where are we? What are we doing here?
View this product



