"Greece's debt has been downgraded to junk status by Standard & Poor's amid concern it was not able to take steps needed to tackle its economic crisis." [source: BBC]Looks a lot like the pattern of Lehman Brothers. Who will bail this country out... or is a default actually coming.
Moody's Downgrades Greece, 10Y Bond Yield 8.84%, CDS 633bps, Greek Shares Testing February Low, Euro Needs Help (Charts) (April 23, 2010)
Pricing of Greek CDS, 10Y Bond Yields Sense Risk (CDS 399bps, 10Y 6.85%) (January 31, 2010)
NBG (National Bank of Greece (Courtesy of Stockcharts.com)
$GRDOW (Dow Jones Greece Stock Index)