Photo: Wikimedia Commons
The Greek situation may literally be entering its final hours, with major developments expected over the weekend.Everyone is selling today.
France is down 1%. Germany is down 0.73%. Shanghai fell 0.8%.
Amusingly, Greek stocks themselves are up 1%, a move that’s more humorous than anything else, as it’s the tiniest and most meaningless of dead-cat bounces.
If it counts as a “development”, a new finance minister was named: Evangelos Venizelos is replacing George Papaconstantinou, who has been relegated to minister of the environment.
Meanwhile, oil and silver, but especially oil, are getting destroyed.
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