As if the stream of nonsense from European (elected and unelected) officials was not already at 11 on the Spinal Tap amplifier of insanity, French Finance Minister Sapin just uttered the following:
- *FRANCE'S SAPIN SEES NO RISK OF GREEK BANKRUPTCY
The credit markets - which are once again pushing higher in yield, and wider in spread today - remain on edge, entirely disagreeing with Sapin's statement of total falsehood.
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It appears he has taken a page from Juncker's playbook - "when it's serious, you have to lie"
