Thursday, July 21, 2011

ECB's Trichet indicates its Greek Bonds not involved in voluntary private selective default!

Euro Group leaders have pledged 35 Billion euros to re-finance failing Greek banks was another interesting item coming in repsonse to questions following the ECB chief's press conference which to me threw further confusion on an alreagy mind-boggling series of exchanges between the MSM and the EU leaders.

One thing seems sure as I leave it there for today. Greek default, so long denied is here!



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