What does someone who loves the market do on their day off? Watch the market of course and what a long day and night it has been. The deadline has come and go and at last report, 3:30 a.m. CET is when the announcement is coming, however the 10-page secret Greek Debt Sustainability report keeps leaking and it now looks like Greece needs not $130 bn, not $145 bn, but $245 bn to even take a shot at getting out of their hole.
At least the ECB is set and received their new shiny Greek bonds last week before all of this started, meaning that they won't be subject to any retroactive CAC clauses.
5 years ago
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