Endgame Begins - UK "Foreign Office Sources Say Merkel Now Thinks Greece Will Default"

Courtesy of the BBC's Andrew Neil, on the back of the previously noted formal annexation demand of Greece by Germany:

Of course, this is what we, and everyone else whose frontal lobe has not bee hijacked by the status quo, said back in January 2010...

JP Morgan and Morgan Stanley better pray they are right when they say they are 100% insulated from contagion, because we are all about to find out.