Loading ...Greece is suing the EU to stay “IN” as a member, but will not accept the conditions to bail them out. WTF?
Sounds to me like Greece is taking advantage of the old saw:
“If you owe the bank a thousand Euros, you have a problem. If you owe the bank a few billion Euros, the BANK has a problem!”
With the mountains of derivatives balanced on the EU banks, those bankers must be having cold sweats. Wall St. is catching the contagion. Financial engineers must be working overtime to try to paper this over. They seem to forget…. paper burns.