are hitting the news that Greece will leave the Eurozone and re-introduce its own currency. It would also declare bankruptcy.
In response, the Euro declines, US Treasury securities advance and gold initially sold off a few Dollars.
This could not make any less sense. Greece IS bankrupt. There is just no way that they can make their debt service at the interest rates that the market is demanding.
Since everyone but the European Central Bank knows this, what could possibly be the surprise?
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