Relevant:
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- EU Seeks Collateral for More Greek Aid; Trichet Reiterates Restructuring "Not on the Agenda", Market Reiterates "Trichet is a Pompous Fool"
- Greek default looms as voluntary debt deal looks set to fail
- Banks Kick Consumer’s Butts Once Again – SB 1275 Dies in the California Assembly
- Merkel, Sarkozy Shun Euro Bonds in Call for Greater Integration
2011-06-17 — blogspot.com
``The Euro is up sharply today on news of a "solution" that allegedly involves "voluntary" rollover of Greek bonds by private investors. The whole world knows there is nothing voluntary about it. Moody's has even stated it will not be considered voluntary. However, such details do not stop stubborn fools like ECB president Jean-Claude Trichet and French president Nicolas Sarkozy from insisting they can dictate solutions to the market.''
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