April 19, 2011
It’s almost time for monetary authorities in Europe to give Greece and its debt holders a ‘coup de grace’.
Yields on Greek government bonds are soaring, with the 2-year yielding over 20% and the 10-year firmly on its way to 15 percent!
Meanwhile, pundits are pushing for a restructuring of the Greek debt, while few analysts are fearing a chain reaction.
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