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Greek Stocks, Bank Bonds Battered As Deal Hope Fades
Headline hockey remains all that matters if one is "trading" European stocks, bonds, or FX. Today, so far, no deal... and so Athens Stock Exchange and Greek bank bonds are plunging (for now)... Greek Bank Bonds are probably the most sensitive financial instrument to the endgame in Greece... And moments ago Reuters just added fuel to the fire with the following: SENIOR EURO ZONE OFFICIALS DISCUSSED "PLAN B" FOR GREECE FOR THE FIRST TIME, WHAT WOULD HAPPEN IF GREECE DEFAULTED - OFFICIALS SOME EURO ZONE COUNTRIES REGARD A GREEK DEFAULT SCENARIO AS A LIKELY SCENARIO -OFFICIALS The full Reuters story: Senior EU officials ... (full story)
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