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To: Lurker
"I have some news for you, sir. The Greeks have already defaulted on their Eruo based sovereign debt."

Not news. But EZ still has a pot of euros for Grease when they do a little jawboning after the election.

EZ can't let Grease leave.

EZ is still doomed, just not yet.

yitbos

34 posted on 05/25/2012 7:50:18 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: bruinbirdman

What do you suppose will happen whe the bond market figures out, if they haven’t already, that these bonds are no more “safe” than the Euro denominated Greek bonds they already got shafted on?

Bond traders aren’t stupid, after all.


36 posted on 05/25/2012 8:04:00 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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