I watch the currency markets. I read today that one year Greek government bonds are now discounted to a 72% return—if anyone will buy them.
You tell me. How far off are they from declaring sovereign bankruptcy and repudiating their debts?
I am wondering if the EU financial moonbats aren’t going to come up with some way of allowing the default but calling it something else. We know the left. They change the terms used and then declare the issue over.