Tuesday, June 14, 2011

Greece gets a D

Alpha Bank © fintag

News comments:
Greece. I am going there on vacation in the summer. And then I read the country is now the worst rated in the world. (telegraph) / (ft)

Surely this is not possible? It has the might of the Europe supporting it. There is no way the Germans or French will let Greece down. If Greece goes, then who is next? And that will be the end of the Euro.

Latin America has been through this process before and it has survived and some would say is even stronger than before. Ok, they have resources and sold themselves out to the Chinese but Greece has sand and sun and history and olives.

In the mean time I thought I would open a term deposit at Alpha Bank. The rates are negotiable ....

Today's shorts:
Facebook worth USD100bn according to Goldman (telegraph)

Today's longs:
Facebook losing users (telegraph)

Facebook to be the new MySpace by 2014.


Anonymous said...

daily mail does not equal telegraph