Dubai CDS Hits 652, Ploughs Through November Highs As Gold Jumps On Greek FinMin Headlines

This is where Jim Cramer (and every sell side analyst) comes out and tells us all this is just the market exaggerating stuff and what not. Oh, and gold being up 1% as a fiat currency alternative is completely irrelevant to anything.

In other, actually relevant, news, the Greek Finance Minister is providing the usual share of cheerful Monday morning headlines. As Emperor Palpatine would say, the chaos in Europe is now complete.

08:13 02/15 GREECE FIN MIN: WE ARE IN A TERRIBLE MESS
08:24 02/15 GREECE FIN MIN: GREECE IS BEING PUSHED TOWARDS THE EDGE

08:14 02/15 GREECE FIN MIN: MOST DIFFICULT TASK IS TO RESTORE CREDIBILITY
08:24 02/15 GREECE FIN MIN: CLAMP DOWNS DON'T PAY OUT IMMEDIATELY
08:22 02/15 GREECE FIN MIN: WE HAVE CONSERVATIVE ESTIMATES ON TAX EVASION
08:21 02/15 GREECE FIN MIN: NEED TIME TO IMPLEMENT MEASURES
08:19 02/15 GREECE FIN MIN: WE HAVE BACKING OF GREEK PEOPLE
08:19 02/15 GREECE FIN MIN: WE WILL BE ABLE TO IMPLEMENT PLAN
08:17 02/15 GREECE FIN MIN: CAN'T RUN BIG CURRENT ACCT DEFICIT IN EMU
08:15 02/15 GREECE FIN MIN: RESTORING CREDIBILITY WILL TAKE TIME
08:29 02/15 GREECE FIN MIN:HOPES MORE SPECIFIC STATEMENT IN DAYS/WKS AHEAD
08:28 02/15 GREECE FIN MIN: EU SOLIDARITY STATEMENT IS VERY IMPORTANT
08:27 02/15 GREECE FIN MIN: ANY EU COUNTRY COULD BE PREY TO SPECULATION
08:27 02/15 GREECE FIN MIN: TODAY GREECE, TOMORROW CLD BE OTHER EMU STATE
08:27 02/15 GREECE FIN MIN: 4-PT DEFICIT CUT THIS YEAR 'VERY IMPORTANT'
08:25 02/15 GREECE FIN MIN: GREEK PROBLEM IS NOW A EUROPEAN ONE
08:24 02/15 GREECE FIN MIN: TIME IS VERY SCARCE
08:52 02/15 GREECE FIN MIN: NEED TO MAKE SUPPORT FOR GREECE OPERATIONAL
08:51 02/15 GREECE FIN MIN: IMPOSING NEW MEASURES NOW SENDS WRONG SIGNAL
08:50 02/15 GREECE FIN MIN: TO ADOPT ADDITIONAL STEPS IN MARCH IF NEEDED
08:49 02/15 GREECE FIN MIN: NEED COMMON SENSE ON ADDITIONAL MEASURES
08:47 02/15 GREECE FIN MIN: WE WILL DO WHATEVER IT TAKES HIT DEFICIT GOAL
08:46 02/15 GREECE FIN MIN: IMPORTANT TO AVOID DIVIDE BETWEEN N, S EUROPE
08:44 02/15 GREECE FIN MIN: UNDERSTANDS FRUSTRATION OF GERMAN CITIZENS
08:42 02/15 GREECE FIN MIN: LISBON STRATEGY IS VERY VAGUE
08:35 02/15 GREECE FIN MIN: WE WANT TO RESTORE CREDIBILITY IN OUR STATS
08:35 02/15 GREECE FIN MIN: GREECE WASN'T ONLY GOVT USING DERIVATIVES
08:34 02/15 GREECE FIN MIN: DERIVATIVES CONTRACTS USED WERE LEGAL AT TIME
08:33 02/15 GREECE FIN MIN: GREECE PM WELCOMES EU SUPPORT STATEMENT
08:33 02/15 GREECE FIN MIN: COMPLETE COLLAPSE IS COMPLETELY ABSURD
08:33 02/15 GREECE FIN MIN: GREECE PM REMARKS NOT A CRITICISM OF EU COUNCIL
08:32 02/15 GREECE FIN MIN: GREECE PM SAID MIXED SIGNALS FROM EU BODIES
09:00 02/15 GREECE FIN MIN: HAVE ASKED FOR FORMAL STATISTICS INVESTIGATION
09:03 02/15 GREECE FIN MIN: IMPORTANT TO INCREASE EUROSTAT POWERS