The financial markets continue to voice their concerns around the potential
default of the Greek debt as the Euro/USD is traded sharply down while major
commodities including gold and silver prices are falling. Bloomberg speculates
that Germany is preparing for default by Greece: officials in Chancellor Angela
Merkel's government are contemplating how to save the German banks if Greece
will default on its debt as it wont meet the terms of its EU-IMF aid, which
include budget cuts. There are those who speculate that Germany is already
getting ready for a 50pc haircut on Greek debt. Greece is still trying to turn
the dire situation around as Greeces Finance Minister Evangelos Venizelos
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