Shuffle Off To Buffalo! Greece Equities Up 5%
June 17, 2011 3:34 pm
With the wave of a magic wand and a little bit of pixie dust, Greece is out of danger. Well, not exactly.
As we are supposed to believe anything that comes out of anyone from this region? They are continually contradicting each other as each party says that they are going to be fine and then another tells a different story.
The jubilant reaction to the comments by German Chancellor Angela Merkel makes us wonder….
Merkel signaled willingness to compromise on demands that bondholders shoulder a “substantial” portion of any Greek rescue; EU finance ministers convene on June 19 (naturally waiting until the last minute before markets/futures reopen late Sunday night). What is the wait? Why not tell us that there is a deal if there is a deal!
We know better. Buffalo is being shuffled, and so are we…