Less than a month ago, Greece was mulling ditching the Troika because it could borrow cheaper in the market than the rescue program.
I was mocking Venizelos for the comment and noting that Greek bonds were a bad buy at 5.8%. They’re at 7.9% today, climbing almost a full percentage point.
Greek 10s
Meanwhile, the stock market in Greece was down 9% today.
There are some very worried people at the ECB right now.To put a cherry on top of it we need a German to come out and preach austerity.
