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The EU Fisheries Commissioner, Maria Damanaki, said that the membership of Greece in the Euro-zone is endangered. This is the most serious threat since these talks began a few weeks ago around the “secret meeting” in Luxembourg.

Back to the drachma for Greece?

* Note: This post is updated. Previous information posted here was mistaken.

It’s now quite clear that Greece is about to default, and that the timing is near. Here are 7 signs that Greece is close to the endgame.

On the other hand, the worries around Spain are easing today, as Spanish 10 year notes fell below 5.4%, after challenging the peak 5.6% level earlier in the week.

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