Monday, March 15, 2010

Still worried about Greece?

The European Union would not let that happen, nor the USA nor the world.

Something must be done.

On the news today from

Investors trade credit-default swaps on Greek sovereign debts, which are contracts that function as a kind of insurance on the chance the government will default. According to credit-default-swap prices from financial information company Markit, the annual cost to insure a five-year government bond for Greece hit a high of $425,000 on February 4. That was a 67 percent increase from the previous three months. But as of March 9, the cost had fallen to $289,000, down to the levels of December.

Perhaps, perhaps this points us where?