Vers une restructuration ?

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http://www.zerohedge.com/news/ubs-euro-doom-and-gloom-team-releases-sequel-eurozone-sovereign-crisis-has-entered-more-dangero From the same fine Swiss folks who three weeks ago (and before it was uncovered that when it comes to playing, or at least scapegoating, dangerously, UBS is second to none) brought you, "Under the current structure and with the current membership, the Euro does not work.

UBS' Euro Doom And Gloom Team Releases Sequel: "The Eurozone Sovereign Crisis Has Entered A More Dangerous Phase" | ZeroHedge

http://www.guardian.co.uk/business/2011/sep/24/eu-six-weeks-greek-default

EU given six weeks to protect itself against 'inevitable Greek default' | Business | The Observer

The EU has been warned that it must plan for the fallout of what it believes is Greece's inevitable default. Photograph: Louisa Gouliamaki/AFP/Getty Images

La notation grecque: un enjeu crucial | Démystifier la finance

Standard & Poor’s a décidé que la proposition de rééchelonnement de la dette grecque a 30 ans a 5,5% constituait une forme de « défaut sélectif ». En d’autres termes, un « évènement de credit » qui équivaut a une forme de défaut de paiement. http://finance.blog.lemonde.fr/2011/07/05/la-notation-grecque-un-enjeu-crucial/
http://ftalphaville.ft.com/blog/2011/06/29/608581/socgens-qa-on-the-french-proposal/ Because … as a French bank, they would be well-placed to discuss it, no?

Alphaville » SocGen’s Q&A on the French proposal

Combien et à quelle date la BCE détient de dette souveraine grecque ? Le grand bal des chiffres. - Investigation Financière Economique et Boursière

http://investigationfin.canalblog.com/archives/2011/06/24/21475077.html Des chinois semblent plus prudents, puisqu'ils avancent une fourchette, 40 à 50 milliards d'euros de dette grecque, mais sans date, c'est China Post du 16 avril 2011 :

Greece debt crisis: how exposed is your bank? | Business | guardian.co.uk

Greece debt crisis exposure by banks: Greek indignados participate in the people's general assembly in central Syntagma square in Athens. Photograph: Orestis Panagiotou/EPA The banks with the highest exposure to Greek's problems are not necessarily those with the most invested - the UBS figures also compare the banks' exposure to Greek debt to their total equity, to illustrate whether they have sufficiently strong reserves to handle a Greek debt default. http://www.guardian.co.uk/news/datablog/2011/jun/17/greece-debt-crisis-bank-exposed

Exposition des banques françaises à la Grèce. Des milliards d'euros en plus pour le Crédit Agricole sur les prêts et avances. - Investigation Financière Economique et Boursière

Les récentes annonces d'agences de notation sur les expositions des banques françaises à la Grèce ont ravivé la pression des marchés sur ces dernières. Exemple Moody's http://www.moodys.com/research/Moodys-places-SocGen-CASA-BNPP-on-review-for-possible-downgrade?lang=en&cy=global&docid=PR_220876 http://investigationfin.canalblog.com/archives/2011/06/21/21442880.html
Les Echos n° 20954 du 16 Juin 2011 • page 16 http://archives.lesechos.fr/archives/2011/LesEchos/20954-59-ECH.htm

Le pari grec, Editoriaux

Le 17 mai dernier les ministres des Finances de la zone euro ont reconnu que compte tenu des faibles perspectives de croissance de la Grèce, il fallait aider le pays en allégeant sa dette.

Alléger la dette grecque : les 3 scénarios

Alphaville » German exposure to Greece, a bad bank tale [updated]

Substantial amounts of Greece sovereign exposure lies not with the commercial banks but with KfW (‘AAA’/‘F1+’), in its agency role servicing its owner the German government and run-off institutions backed by loss-absorption mechanisms from the German government. Although Commerzbank AG (CBK; ‘A+’/‘F1+’) is the most exposed commercial bank to overall Greek risk in absolute (euro) terms, as a proportion of regulatory equity, Deutsche Postbank (‘A+’/‘F1+’) is most exposed, followed by CBK, Landesbank Berlin (LBB; ‘AA−’/‘F1+’), DZ Deutsche Zentral Genossenschaftsbank (‘A+’/F1+) and Landesbank Baden-Württemberg (LBBW; ‘A+’/’F1+’).

What happens when Greece defaults – Telegraph Blogs

It is when , not if . Financial markets merely aren't sure whether it'll be tomorrow, a month's time, a year's time, or two years' time (it won't be longer than that). Given that the ECB has played the "final card" it employed to force a bailout upon the Irish – threatening to bankrupt the country's banking sector – presumably we will now see either another Greek bailout or default within days.