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DG365FD46564GFH654FU898 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 won’t 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 Greece’s Finance Minister Evangelos Venizelos
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