AUTOREFRESH 
Samaras holding out on signing austerity committment
By Adam Button || February 14, 2012 at 19:40 GMT
|| 11 comments || Add comment
Papandreou has signed off but Samaras – the leader of New Democracy — has not yet committed to implementing austerity, according to a Reuters source.
I see him holding out for a day or two to score political points but I don’t see him playing a game of chicken with the Troika.
Ain’t it great? As a trader, and particularly one who trades options, you gotta love this!
Papandreou??? Do you not mean Papademos?
You’re right Jim. Option traders stand to gain in these circumstances.
He is very likely up for election in April and whether or not Greece defaults his lifestyle will see little impact, unless of course the turmoil that hit Argentina after their default replays in Greece. Take a look at all the pictures and videos out of Athens. Greece has already crossed over the brink. Support for austerity in Greece is non-existent. Default would definitely be ugly and chaotic, but just the threat of austerity is already ugly and chaotic. All that is left is for someone to make it official.
No, I mean Papandreou. He’s still the leader of the Socialist party.
Joe, have you heard any talk of some very large stops under 1.20 EurChf?
Sorry, that question is also for Adam, Jaime, Sean… Doh
You mean Adam? I don’t think Joe is around. I can assure you, there are billions upon billions of stops below 1.20 in EUR/CHF
Thanks Adam.. heard around 23 yards….
Theres something wrong with that Samaras guy. His party voted for it and expelled those who didn’t but he can’t sign a letter saying he supports it. He’s going to bankrupt the country at the first chance.
I haven’t heard any numbers but I have a stop at 1.1999. It will get ugly if it breaks.