Greek 5 yr CDS is blowing out by about 100 bps to 950-990 bps after Austria threatened to withhold its portion of the Greek bailout funds because they don’t believe Greece has met the conditions for the next round of money. “We are getting indications that the Greeks can’t stick to their plan in a sufficient manner, in particular on the revenue side” said the Austrian finance minister.

Category: MacroNotes

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Greek CDS blowing out”

  1. franklin411 says:

    One thing the Greeks should NOT consider is defaulting on their bonds. Russia defaulted more than a decade ago, and where are they now? Weak as a kitten, that’s where!