"Greece will default sometime in 2012"

So says Taki, who adds:

... this prediction comes from the great oracle of economics Taki, the very same Taki who smelled a rat even before the Greek government was caught red-handed cooking the books under the advice of the poisonous giant squid, Goldman Sachs.

If Greece restructures any of its debt the wrong way, it'll enter technical default, and I think that's already happened. If I read Zero Hedge correctly, a default "event" has already occurred and lowered the national rating to CCC. Of course, more events are yet to come. "How can anyone take these Greek politicians seriously?" Let's not limit this to Greek politicians.