{"id":658,"date":"2011-04-19T07:39:05","date_gmt":"2011-04-19T05:39:05","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=658"},"modified":"2011-05-12T23:04:49","modified_gmt":"2011-05-12T21:04:49","slug":"though-a-debt-default-would-hurt-investors-may-not-give-up-on-greece","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/though-a-debt-default-would-hurt-investors-may-not-give-up-on-greece\/","title":{"rendered":"Though a Debt-Default Would Hurt, Investors May Not Give Up on Greece"},"content":{"rendered":"<p><a href=\"http:\/\/online.wsj.com\/search\/term.html?KEYWORDS=PAUL+HANNON&amp;bylinesearch=true\" target=\"_blank\">Hannon, Paul<\/a>.<\/p>\n<p>What was once unimaginable is now highly probable, and a member of the euro zone, the world&#8217;s second-largest economy, looks likely to default on its debt. It&#8217;s an outcome for which bond investors have been preparing themselves for some time, such are the stratospheric levels to which Greek bond yields have climbed in recent months, and certainly since the German government first began to acknowledge the possibility of a restructuring in October last year.<\/p>\n<p>At almost every step of the euro zone&#8217;s fiscal crisis, the currency area&#8217;s policy makers have seemed unprepared for any but the rosiest of outcomes, despite the fact that actual outcomes have generally been the worst possible.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>The Wall Street Journal<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704004004576270761422118554.html\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hannon, Paul. What was once unimaginable is now highly probable, and a member of the euro zone, the world&#8217;s second-largest economy, looks likely to default on its debt. It&#8217;s an outcome for which bond investors have been preparing themselves for some time, such are the stratospheric levels to which Greek bond yields have climbed in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[25,27],"class_list":["post-658","post","type-post","status-publish","format-standard","hentry","category-37","tag-25","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=658"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/658\/revisions"}],"predecessor-version":[{"id":1068,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/658\/revisions\/1068"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}