Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1373541 Comments:2390
* Defiant Message From Greece. The head of Greece's radical left party—throwing down a gauntlet that could increase tensions between Greece and its frustrated European creditors—said he sees little chance Europe will cut off funding to the country but that if it does,
Athens will stop paying its debts.
A financial collapse in Greece would drag down the rest of the euro zone, said Alexis Tsipras, the 37-year-old head of the Coalition of the Radical Left, known as Syriza, and potentially the country's next prime minister.
Instead, he said, Europe must consider a more growth-oriented (MY EDIT-Impossible;) policy to arrest Greece's spiraling recession.
With the the 3m EUR/USD basis swap spread The Precursor.
Meaning that that JPMorgan should drop to >< $31.50
Roughly another $2.50 drop from here and That's if the 3m EUR/USD basis swap spread doesn't get worse....meaning that Europe has all the $'s it needs/wants &/or it has more collateral good EuroLoans it can swap into dollars.
JP Morgan is hoping all tha..the above is good.....;}
