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RANsquawk Breaking News: Greek Fears Re-Ignited And RANsquawk European Morning Briefing- Stocks, Bonds, FX 22/04/10
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Oh, you mean the promise of money to Greece isn't working? You mean we actually have to *give* them the money to make their interest and maturity payments? What kind of bullshit is this? We *told* you: Greece is not going bankrupt!
Go figure Greek numbers are 'unreliable,' who would trust anything out of them? They were overbudget and then used swaps to hide it, who else knows what they were doing...
That aside the Greek situation will be there and remain the focus until one of the other PIIGS starts to lose control. Where's the next billion dollar trade?
We knew the numbers weren't reliable, someone a while back put forth the notion that the actual deficit was in excess of 16% IIRC. This should surprise no one, a lie never lives forever.