Greece continues to vigorously deny allegations that they are preparing to default if they cannot reach a deal with their debtors. Today, S&P downgraded Greece’s bonds to junk status, prompting even more ministers to opine on the negotiations. “Given the we have lost a lot of time, I am skeptical,” said Peter Kazimir, Slovakia’s Finance Minister. “Greece is moving ever closer to the abyss.”
This is all while, as we showed yesterday, that the Eurozone Crisis is still far from over.