On Friday, Reuters reported there is no guarantee a disorderly default in Greece will be avoided. Below are some excerpts from the article No guarantee Greek debt swap will go through.
Asked if there was a risk of a disorderly Greek default, the senior troika official said: “Our objective is still to have a voluntary operation. If you ask me: is there a guarantee that there will be a voluntary operation? Of course there can never be a guarantee.”
“The ongoing discussions are constructive, they are useful, but at this point it is too early to say what will be the result,” the official, who declined to be named, told Reuters as the team of inspectors wrapped up a one-week visit to Athens.