Monday, April 18, 2011

Greek 2 year yields now 21% and 10 years 13% - EU says default unlikely!

The headline gives a clue to the insane mess the EU has become. In Canada readers of the Globe and Mail, linked here, could read this chart over their waffles and maple syrup:

Perhaps in Canada some readers may believe the EU spokespeople who claim the Finnish election will not affect the Portuguese bail out, Ireland can live with its EFSF package, Greece will not default or restructure its loans and Spain has no problems any longer.

Surely few living in the nightmare world that the EU has become, (as described by Nigel Farage MEP in the video clip in the posting beneath this) will not believe any of it for one single moment!



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