Wednesday, April 27, 2011

And There Goes Greece Again

by Joe Weisenthal

Business Insider

April 27, 2011

Yesterday's horrorshow continues.

Yield on 2-year Greek debt is now close to 25%.

The most stark way to visualize what's happened is to look at a 1-year chart on this, because we're just about to come on the 1-year anniversary of the bailout. Look at how yields collapsed when that was first announced, look how low they stayed, and look how low the previous peak seems in compared to this one.

Definitely a depressing austerity fail.


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