Wednesday, 07 September 2011 06:38

Greece Pledges to Accelerate Austerity

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The yield on Greek two-year bonds is now 52%... per year. They yield on their one-year bonds is now 88%. That's how risky Greece has become and it's second bailout is already falling apart. I am very confident that the Greek people will not be happy with "accelerated austerity". There is only one option in this paradigm, beat the people and then kill or starve them. -- MCR

Click to read Bloomberg article

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