Greek default may be imminent…so why are the Greeks happy about it?
Euro-zone leaders may be saying otherwise, but analysts in the know say a Greek default is a certainty. Greece is trying to head off default. They’re in crisis talks with creditors right now, they’re putting well over a billion dollars in treasury bills on sale and they’re planning to auction off more debt next month. But some analysts say even those measures won’t be enough to stave off default. And the Greek people say that might not be so bad.