Interest Rates headed North

Please explore the link above from Karen Maley's article in Business Spectator. The article refers to Dominque Strauss-Khan adventures in a US hotel and its potential impact on Greece. In particular the arrest of DSK, may impair any (misguided) support for further Greek bailouts and precipitae a Greek debt restructure of default. The final line is the takeout and a heads up to any reader...

If investors ultimately lose confidence, we could be in for a complete re-rating of risk around the world, which would spark a huge sell-off in markets.

The huge sell off in equities would be accompanied by a rapid rise in global interest rates, leading to further defaults and plummeting asset prices globally.