Walking on eggshells

World markets have calmed down today after the near panic of yesterday. All eyes on Greece and the potential for a default on Thursday.

http://www.telegraph.co.uk/finance/financialcrisis/9127166/European-markets-plunge-as-Greece-threatens-to-default.html

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100015444/and-the-losers-from-greek-cds-contracts-are-german/

http://www.telegraph.co.uk/finance/financialcrisis/9128845/Greek-debt-deal-hopes-rise-as-banks-back-swap.html

UPDATE: 8th March

Tension abounds:

http://www.telegraph.co.uk/finance/financialcrisis/9129838/Greece-on-brink-of-default-as-bond-deal-falters.html

http://www.spiegel.de/international/europe/0,1518,820078,00.html

Deal or default: tension rises.