Tuesday, September 13, 2011

Greek given a 98% chance of defaulting....

Greek 10-year bond are yielding an incredible 25%....  Greece is supposed to be under a new austerity budget, yet their debt and spending continues to rise...  oh wait we are now in the era of take no responsibility...  my guess is that they will just walk away from paying their debt and leave the Germans and French hold onto the worthless Greek bonds...   

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