The Greece 10 year sovereign yield and 5 yr CDS are on the rise again.
Deutsche Bank and the MSCI Europe Banks Index are falling.
As credit risk is on the rise … again.
Greek GDP growth is declining. At least it is better than Russia’s and Ukraine’s GDP “growth.”
Compare Greece’s sovereign yield curve with the Euro Swaps Curve. OPA!!!!!
Greece is now singing “You’re the one that I want” to Mario Draghi, the ECB and IMF.