My Big Fat Greek Debt................from Rico

Tuesday morning, when you likely read this, will be a day you can call "My Big Fat Greek Debt" for Greece is scheduled to make a debt repayment of 436 million Euros...and they (a) haven't yet decided what they will do, plus are (b) 'broke' and do not have the cash to pay.

Hmmmm....remember all those really smart guys who jumped on the bandwagon to buy greek Bonds a few years ago (it was a 'smart' move they said)?
- Haircuts could be in store for anyone dumb enough to have bought Greek Bonds, ...er, IOU's....er, promises to pay you back Tuesday for that hamburger they ate yesterday.

Default?
- What cannot be paid back, won't be.