Greece to Miss Targets for Bailout Funds

Greece will miss it's cost cutting targets to secure bailout funds from the ECB (European Central Bank) & IMF (International Monetary Fund). However it's unlikely this will result in them not getting the 10 billion Euro bailout as the Greek government has everyone over a barrel. They know they can get away with getting close to the target and continue their free money give away on the back of the German taxpayers and the rest of the European Union. The chance of them not getting the bailout is approximately 13%, so odds are on for everything to carry on as normal with another Technical Default. The more technical defaults that occur will damage the markets over a longer period of time and thus is called a managed default. Banks will inherently need to recapitalise and thus will be selling their stocks and commodities as required along with infusions from central banks and governments. This will probably give losses to shareholders as shares will be removed from the market. This is one of the reasons bank stocks and stocks in general have been dropping along with economic indicators looking to indicate a upcoming recession. The only bright spot is Christmas will bring spending to the high streets, however if this is less than last year then be ready for further selling. Although the oil price has been dropping it's not been reflected so much at the pump, so this is worrying. The dollar is rising which is helping the commodity falls, the dollar is also rising mainly from money moving from risk assets back to perceived safety. All good fun so keep watching here for insights and key information which will make you money.