defaults

In the very unlikely event that the United States defaults on its debt obligations, the country's economy would contract by 5 percent and stocks would fall by nearly a third, according to Credit Suisse. more...

Fitch Ratings said on Tuesday that it would regard a voluntary rollover of Greece's sovereign bond maturities as a default and would cut the credit rating appropriately, keeping pressure on Athens ahead of a confidence vote in parliament. more...

If Greece defaults on its sovereign debt, the effects will be global.* Everyone from Japanese savers to US retirees is likely to feel the effects. Let's run through the dominoes that could fall after a Greek default. more...