C’mon, boys. This cry-baby routine from the Greek PM and FM about evil speculators is getting a little wearying. They continue to moan, despite evidence from the German market regulator BaFin that there has been no extraordinary speculation against Greek debt, just hedging from investors left holding a crap-bag.
Papandreaou spoke to Obama about European efforts on curbing speculation which Obama said were useful and positive, according to the PM.
I’m sure a there will be a 10-point action plan and a blue-ribbon commission will be appointed to look into the matter and report back to the president sometime in 2012…
While all this was going on, the stock market gains evaporated. The S&P is back in negative territory and EUR/USD has slipped back to the 1.3588 level. AUD/USD has dipped to the 0.9125 level, as well.
