Thursday, 8 April 2010

Greece invented chaos

Black Friday for Greece tomorrow?

The markets turned against Greece again on Thursday, driving up its borrowing costs to record levels on doubts that the EU will provide a credible rescue.

As usual Trichet's being a cunt:

The yield on the Greek 10-year bonds eased slightly to 7.35pc after Jean-Claude Trichet, head of the European Central Bank, said he did not expect Greece to default on its loans and that he is confident the country will solve its own budget problems

Erm, or they're guaranteed to default, JC. You wouldn't be helping anyone to accumulate a short position in euros and euro bonds would you? For example, oh I don't know... Goldman Sachs?

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