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An extract from this morning's "Markets live" webchat on the Financial Times :

FT Alphaville

I think Powerfrau and Co have decided to cut Greece loose. They are goading them to leave the Euro. And instead all firepower will be directed at saving Portugal.
[snip]

Actually just realized a load of short term Portugal paper being auctioned this morning.
Get this: Bid to cover on three month paper 10.3 times
 Scrum
 That's insider trading.
 Greece is toast; Portugal will be saved.

Their thesis is that

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Wed Feb 15th, 2012 at 08:02:11 AM EST
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