Tag Archives: Likely date for Greek Default 23rd March 2012

John Ward – Bankers Given Explicit Timetable For Athens Default (Likely Date for Greek Timetable Default: 23rd March 2012) – 24 February 2012

A written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January. The Slog has separate but corroborative sources affirming the existence of the document, and a conviction among senior bank staff that – at least at the time – the plan represented “a timetable, not a contingency”. The plan gives a firm date of March 23rd for default to be announced after the close of business. Continue reading