Posted To: MBS Commentary
If you’re just getting caught up, here’s the long and the short of yesterday’s news from the ECB in relation to Greece-inspired Euro-drama. The recently elected (Jan 26th) ruling party in Greece has been mostly holding true to their platform of attempting to do away with austerity measures imposed by their Eurozone creditors. These creditors include the ECB and IMF in small part and the rest of the Eurozone nations in large part. Greece’s strategy seems to have been to get their intellectually respectable finance minister sauced up on ouzo (figuratively, of course) before making claims and comments that may or may not have any foundation in reality. Greece has played these shell games with Europe before, and from Greece’s point of view, they’re a justified battle tactic…(read more)
Via:: MBS Day Ahead: Bond Markets Filter Through Actual Significance of Yesterday’s ECB News
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