Greece Leads Surge in Debt Risk on ‘Selective Default’ Concern

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=a.IfjCL8ONow

SS says

I wonder how people have faith in the ECB after Greece requires 25% on 2 Yr Govt bonds.
The market is telling us that default is definitely coming.

I think in 12-24 months for sure - if not this summer.