After Dubai, Is Greece Next?
After you've gotten your Dubai fill, take a break and check out the situation in Greece. Here's the Telegraph from earlier this week: When the European Central Bank's Jean-Claude Trichet said last week that certain sinners on the edges of the eurozone were "very close to losing their credibility", everybody knew he meant Greece. The interest spread between 10-year Greek bonds and German bunds has jumped to 178 basis points. Greek debt has decoupled from Italian debt. Athens can no longer hide behind others in EMU's soft South. "As far as the bond vigilantes are concerned, the Bat-Signal is up...
Original Article: Forum: News/Activism
Tags: Athens, Basis Points, Bat Signal, Bunds, Credibility, Dubai, Eurozone, Greece, Greek Bonds, Jean Claude Trichet, Telegraph, Vigilantes