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Remember Greece?

Posted by Mark Motive on September 2, 2010 Charts, Economics Add comments
Sep 022010

Remember Greece? The near-catastrophe that was averted by some swift central banking earlier this year…well, it appears that the problem still exists after-all. ECB loose money is simply pushing the problems into the future.

Check out this chart of 5yr Greek CDS spreads. Just as wide as ever…Implied default probability remains extremely high (and seems to be rising).


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