by John Galt
January 3, 2012 07:59 ET
In this morning’s edition of the Athens News it was reported that Pantelis Kapsis told Skai TV the following:
“The bailout agreement needs to be signed otherwise we will be out of the markets, out of the euro.“
Of course he followed up those reassuring comments with this gem:
“The situation will be much worse.”
The story went on to state that voters in polls wanted the government to do all they could to remain slaves, er, part of the Euro currency but reality on the ground indicates otherwise with citizens looking for other ways to avoid the Financial Police and the oppressive tax system.
Could this be a great time to invest in the 1 year Greek bond with the 328% yield or do we finally see that magic 500% number and final collapse?