Thursday 6 May 2010

Greece at the birth of Western civilization is now the beginning of the end

Standard & Poor’s downgraded Greece to “junk” status and Portugal to four notches above junk on April 27. The premium for 10-year Greek government bonds over euro zone benchmark German Bunds blew out to 942 basis points - its highest since late 1996 - from 690 bps April 28. The two-year Greek bond yield briefly hit more than 28 percent earlier in indicative trading. more...

0 comments:

Disclaimer - The posting of stories, commentaries, reports, documents and links (embedded or otherwise) on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such posted material or parts therein.

The myriad of facts, conjecture, perspectives, viewpoints, opinions, analyses, and information in the articles, stories and commentaries posted on this site range from cutting edge hard news and comment to extreme and unusual perspectives. We choose not to sweep uncomfortable material under the rug - where it can grow and fester. We choose not to censor skewed logic and uncomfortable rhetoric. These things reflect the world as it now is - for better and worse. We present multiple facts, perspectives, viewpoints, opinions, analyses, and information.

Journalism is (or used to be) the profession of gathering and presenting a broad panorama of news about the events of our times and presenting it to readers for their own consideration. We believe in the intelligence, judgment and wisdom of our readers to discern for themselves among the data which appears on this site that which is valid and worthy...or otherwise.

  © Blogger template 'Perfection' by Ourblogtemplates.com 2008

Back to TOP