Greek 1-Year Bond Yield Hits 88.48%; No Comments from Trichet, ECB, or EU
Greek one-year bonds march relentlessly towards a yield of 100%.
No Comments from Trichet, ECB, or EU
During this massive spike, there has been no comment from outgoing ECB president Jean-Claude Trichet, incoming ECB president Mario Drahgi, or for that matter anyone in the ECB or EU regarding Greek bond yields and the implications of this move.
Here is some advice for Trichet and Drahgi: If you ignore a default, it will not go away.
No Comments from Trichet, ECB, or EU
During this massive spike, there has been no comment from outgoing ECB president Jean-Claude Trichet, incoming ECB president Mario Drahgi, or for that matter anyone in the ECB or EU regarding Greek bond yields and the implications of this move.
Here is some advice for Trichet and Drahgi: If you ignore a default, it will not go away.
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