2012-02-21blogspot.com

"By now, and at long last European politicians do realize Greece is hopeless, so on that score Salmon is correct. However, I still think there is a very good chance this deal was done only to protect the ECB as a prelude to pulling the plug on Greece funding sometime between now and March 20 when the next bond payment is due. If I am correct, at some point between now and then, most likely a Friday or Saturday, Greece will declare a bank holiday."



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