Greece May Default On IMF'S Euro And QE.

During the worst period of the financial crisis, investors desperately sold eurozone bonds because they feared that the withdrawal of Greece from the euro would trigger the "Domino effect" and dismantle the eurozone.

The Greek issue is again worrying.

On Thursday, there was news that Greece might default on IMF borrowing, which raised the tension in the country and led to a surge in Greek bond yields.

But the industry believes that even with the worst scenario in Greece, the euro zone can survive this difficulty.

According to three people familiar with the negotiations, Thursday (April 16th) revealed that Greek officials told creditors earlier this month that they might be exhausted or in arrears with the IMF.

One official involved in the negotiations said Greece paid the repayment due, while the Greek warning was only regarded as part of the negotiations.

Greece has to repay about $1 billion to IMF next month.

Without payment on time, Greece will join the ranks of suspected IMF arrears in Zimbabwe, Somalia and Sultan.

Greece's 2017 maturity bond yield broke 28% on Thursday, the highest level since the biggest debt restructuring case in Greece in March 2012.

Less than four years later, Greece's withdrawal from the euro zone once again raised the "alarm", but investors are convinced that the ECB has left other euro zone countries unable to sink. Other European debt strapped countries now have the support of the European Central Bank (ECB) 1 trillion and 100 billion debt purchase program.

Although yields on Italy and Spain have risen from a record low at the beginning of the year, they are only "a drop in the bucket" compared with the euro era high point reached in the European debt crisis.

The news said Greece may default on IMF borrowing, which has raised the tension in the country again.

"I think Greece will not really threaten the future of the euro area," said Jan von Gerich, chief strategist of Nordea Bank AB. "The European central bank must have some way to prevent the crisis from happening again.

Even if Greece is likely to return to Europe, the possibility of widening the yield gap is not that big. "

Investors believe there is no progress in the financial agreement to prevent debt default, and Greek bonds have fallen sharply this month.

At the height of the European debt crisis, Italy finance minister used the "Titanic" to make a simile: if a country sinks, other countries will follow suit.