The Domino Effect: Greece Defaults! Is Puerto Rico Next?

(Before It's News)

After saying they would never consider capital on Sunday morning, the Greek govt instituted them that night, closing banks for a week. It appears certain that they will default on Tuesday’s payment before Thursday referendum on what to do about the debt. As markets plunged in reaction, Puerto Rico announced it could not mathematically repay their debt.

A domino effect or chain reaction is the cumulative effect produced when one event sets off a chain of similar events. The term is best known as a mechanical effect, and is used as an analogy to a falling row of dominoes.

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