ECB Greek Debt Swap

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dshields's picture
dshields
Status: Platinum Member (Offline)
Joined: Oct 24 2009
Posts: 599
ECB Greek Debt Swap

This is a little publicized but important turn of events.  This is not good.

http://www.zerohedge.com/news/ecb-has-opened-pandora%E2%80%99s-box

 

 

ewilkerson's picture
ewilkerson
Status: Gold Member (Offline)
Joined: Jul 18 2010
Posts: 390
Yes, I saw that yesterday. 

Yes, I saw that yesterday.  The EU has blown this crisis from the beginning for Greece.  Now without the rule of law, I would assume it will be much more difficult to issue debt for any EU country.  You would think they didn't know any law or economics.

Ernest

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