Relevant:
- So Much For ECB Prudence: Trichet To Continue Accepting Crap Collateral After 2010
- Fears grow over Greek debt default despite bail-out
- Hussman: "Penny Wise and Euro Foolish"
- Roubini Eyes "Perfect Storm" and Bond Market Revolt; German Central Bank Says Greek Default Would Not Destabilize the Euro; Time to Short Treasuries?
- ECB stops accepting Greek bonds as collateral
ECB Caves in on "Temporary" Defaults and Collateral; Which Country is Next to "Temporarily" Default?
2011-07-19 — blogspot.com
"As Greek 2-year debt yields hit 39.15% the bond market finally forced the ECB's hand, and Trichet comes out looking foolish, not only on his "we say no to default" stance, even temporary defaults, but also on his ridiculous bluff repeated for the nth time just 2 days ago regarding the acceptance of Greek bonds as collateral."
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