Over the next 24 hours expect many post of this nature:
DE JAGER SAYS ITALY NEEDS TO TAKE EXTRA GOVERNANCE MEASURES
GREEK BONDHOLDER LOSS WILL BE 60%, ANA CITES VERHOFSTADT SAYING
Liesman spin on how 60% losses is not a CDS trigger event coming in 10 minutes.
In the meantime it gets worse:
There was no also sign of a deal in negotiations to reduce Greece's debt to private sector bondholders, and uncertainties remained over the size of a planned bank recapitalization and the scope
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