This is carnage and the mass liquidation of the Euro-unit is breaking all types of technical levels. The market is increasingly focused on the contagion risk Greece poses to European financials. Major rating agencies are all out with new reports and downgrades tied to Greece’s woes and the lack of action taken by European leaders to hammer out a new financial plan. When will policy makes realize these peripheries are penniless? Any bailout received is just being recycled back to the ECB/EU/IMF.Restructuring of Greece’s debt looks increasingly probable as Athens lacks the political will to carry out wide spread ... (full story)