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Moody’s Cochrane says ‘No Way for Greece not to Default’ – BBG
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This is also the guy who swore that MORTGAGE BACKED SECURITIES were TRIPPLE A rated just before they all began to tank….I believe he is still under investigation for that. The truth is that Greece does not have to default as long as Europe does not want her to…and my guess is that it will not want her to for reasons of survival. I dont think Europe or the U.S. could survive if Greece caused the dismantling of europe…because in the end…ITS ITALY AND SPAIN THAT ARE THE MORE SERIOUS PROBLEMS…whether Moody’s is clean enough to admit or not…and once Greece exits, there may be huge motivation for these two to reneg on their debts…end result? KABONG! P.s. there are those who bet the Euro down,and now grasp at any straw available to get it going that way…it will not till it hits one forty..