Tsipras takes Greece to the edge of the precipice
From the FT this morning:
The threat to the euro has always been a soluble problem cloaked in an aura of political impossibility. But with each day, both sides seem more willing to indulge in blame shifting rather than constructive engagement. Greece now stands on a precipice. It is increasingly hard to detect the path of retreat.
Source: FT
Bo Stenberg
Article of possible interest:
http://seekingalpha.com/article/3292805-why-i-bought-greek-stocks-today
(The comments are also of interest. Although the author has preemptively written off the call premiums in advance and states the trade is a pure high-contrarian punt based on political and market irrationality and over-reaction, you mostly see in these comments the continuing psychological need to argue the ideological (bullshit) merits of this case or that. The author may well lose the cost of the premiums…or not. The ideologues will simply lose.)
Pon
thanks
Bo Stenberg
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