Greece Heading For Default

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co (Pimco), has tweeted that Greece is heading for default.

Quote:

"Euroland downgrades make investrs aware countries can default 2! Centuries of histry prove the point & #Greece wl be most recnt exmple"

he also casts doubt on the integrity of Papandreou:

"#Greece on the rocks, ain’t no surprise. Pour #Papandreou a drink and he’ll tell you some lies."

Posted in: default,greece,pimco