Strongest indication to date that Greece is headed for debt default

THE strongest hint yet that Greece is headed for debt default came yesterday when its government admitted it will miss deficit targets this year and remain in recession next year.

Strongest indication to date that Greece is headed for debt default
Tue, 04 Oct, 2011 - 01:00
Geoff Percival

The news knocked most international stock markets; but Ireland’s ISEQ managed to open the week with a marginal gain.

The ISEQ closed the day up by 0.6% — CRH, DCC, FBD, Aryzta, ICON, Paddy Power and Tullow Oil recording the most eye-catching gains. However, the likes of Irish Continental Group, Smurfit Kappa, Kerry Group and Providence Resources recorded the highest falls.

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CourtsPlace: EuropePlace: LondonPlace: ParisPlace: SpainPlace: USPlace: BerlinPerson: President Nicolas SarkozyPerson: ChancellorPerson: Angela MerkelOrganisation: GreeceOrganisation: IseqOrganisation: CRHOrganisation: DCCOrganisation: FBDOrganisation: AryztaOrganisation: IconOrganisation: Paddy PowerOrganisation: Tullow OilOrganisation: Irish Continental GroupOrganisation: Smurfit KappaOrganisation: Kerry GroupOrganisation: Providence ResourcesOrganisation: CACOrganisation: Frankfurt DaxOrganisation: Borsa ItalianaOrganisation: NasdaqOrganisation: Dow Jones
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