The Good, The Bad, The Greek Debt

Okay, I have not had a lot of time to analyze it but it appears the the EU is bailing out Greece yet allowing a limited default. Now even if this is simply a credit agency limited default, some financial instruments - protections - will be triggered. Now all the talk about this being nothing but technical is all good, but those exposed to the debt may want, desire, to call on whoever is backing them t0 pay up even on a technical default. Stayed tuned for more details.