The noise is getting deafening now with talk that preparations are being made for a Greek default, possibly as early as this week. The noise says that Portugal will follow shortly thereafter and that Ireland may also follow. This would cause a European banking crisis.
Rumours also that SNB will not defend 1.2000 but will say that the game has now changed so why give hedge funds an elevated entry level.
Rumours only but they are getting louder (apologies for butting in Gerry, my positions are getting toasted)
