Greenspan Says Greece Default ‘Almost Certain,’ May Trigger U.S. Recession

http://www.bloomberg.com/news/2011-06-16/default-by-greece-almost-certain-greenspan.html

The chances of Greece defaulting are “so high that you almost have to say there’s no way out,” said Greenspan, who ran the central bank from 1987 to 2006. That may leave some U.S. banks “up against the wall.”