Skip to content




Greece, Portugal, and Ireland Default Probabilities Above 50%

I see headlines like, “Euro Maintains Gain on Greek Debt Optimism” and I am just not sure what everyone else is looking at.   As far as the credit default swap market is concerned, Greece has already defaulted, it is just a matter of when and in what form.  Ireland and Portugal are basically at levels that share a similar fate.  Next question is whether Italy and Spain fall into the hole.

Assuming 40% recovery rate, which might be high for Greece

Be Sociable, Share!

Posted in Economics, Markets, Media, Politics.

Tagged with , , , , , , , , , .


One Response

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Continuing the Discussion

  1. Tuesday links: return requirements | Abnormal Returns linked to this post on June 28, 2011

    [...] Eurozone default probabilities.  (SurlyTrader) [...]



Some HTML is OK

or, reply to this post via trackback.



Get Adobe Flash player
Copyright © 2009-2013 SurlyTrader DISCLAIMER The commentary on this blog is not meant to be taken as an investment advice. The author is not a registered investment adviser. There is no substitute for your own due diligence. Please be aware that investing is inherently a risky business and if you chose to follow any of the advice on this site, then you are accepting the risks associated with that investment. The Author may have also taken positions in the stocks or investments that are being discussed and the author may change his position at any time without warning.

Yellow Pages for USA and Canada SurlyTrader - Blogged

ypblogs.com