It's not easy to check back in the FT for the article he refers to (and he gives no link grr), but it's probably this one:
So Quatremer's narrative is already that the FT set the markets off on the attack last week.
Yesterday he says the speculation was easing off as operators unwound positions that might get stomped by ECB/EU action in support of Greece.
The more recent story is that GS and some hedge funds were under served in that debt offering and were not happy with that situation... In the long run, we're all dead. John Maynard Keynes
They could have bid more if they wanted a bigger share of the pie. That's what a market is about, isn't it? En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
There's an interesting coincidence, however, between the €25bn bid for the debt offering, and the supposed €25bn offer to China mediated by GS.
the auctioneers being the kindly souls who brought us the credit crunch, spawning summers and geithner along the way, adds a piquant twist to the tale.
wanna be owned by the saudis, or the chinese?
interesting also that they, with all their own story of domestic poverty, are getting the taste for high stakes international gambling on greece's economy, or in this case, not biting.
any one here feel that greece has a chance of pulling out of the red without the streets filling with the disgruntled, to the point nothing can contain their feelings?
what prevision or provision, or any kind of vision have they to counter the twin bogeys of climate change or peak oil?
they could be a solar leading edge euro nation, have they even considered incentives, i wonder?
maybe they're still in national PTSD from the colonels... the pakistan of europe, in that way.
papandreu doesn't seem like a fool, to my ignorant media-eye, but then neither does karzai, lol. ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
