Friday, September 9, 2011

Greece - finished?

Via Bloomberg, quite a mind-blowing chart. The Greek 1 year bond:





What does it mean? I'd be lying if I said I knew exactly, other than it is not looking pretty. Germany and the Netherlands have now threatened to block rescue payments to Greece until stipulated targets are met - a move seen by some as a threat to eject Greece from the Eurozone. 

Greece is now teetering on the precipice.


No comments:

Post a Comment