Posted by Unknown
Here are a few excerpts from this morning's Wolf on Wall Street Analysis of the Greek Debt DealJust reading the financial media, you would think all is done, all is well, that is not at all what was said in the Finance Minister's statement last night. A few key take aways:-A successful PSI operation is a necessary condition for a successor program.
The Eurogroup acknowledges the common
Posted by Unknown
Analysis by: Wolf on Wall StreetForget about March 20th, Greece could be in default as soon as next week.Today the ECB completed their bond transfer with Greece, brand new shiny bonds and they get to say they were the first kids on the block with them and this came somewhat out of the blue. This seems to put an end to the IMF's idea that the ECB should take a loss on their Greek GBG bond
Posted by Unknown
Just as the Euro led the market today by gapping up on the passage of the Greek vote, as I suspected, it's now leading the way down and for more then 1 reason.
First the market HATES uncertainty and the lack of comments or at least constructive comments from Greece's task masters today, caused the initial uncertainty in the FX market which effected the stock market (by killing momentum and
