Posts Tagged ‘barbarous relic’

Notes From Underground: The Greek Parliament Shows Its Confidence … Will the Markets Do the Same?

June 21, 2011

In a widely predicted outcome, the Greek Parliament voted 155-144 to sustain the government of George Papandreou and allow for next week’s vote on the new austerity budget–and the release of another round of bailout funds. The global equity markets and the EURO sustained a second day of rally as investors were willing buyers of risk in the HOPE of a respite from the turmoil of European sovereign debt. Tomorrow’s Financial Times has an article about Greek citizens cashing in their EUROS for GOLD.

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