ECB Says “Greek Bank Holiday Now Necessary”
Submitted by Tyler Durden on 06/28/2015 – 09:23 Bloomberg: ECB SAID TO VIEW BANK HOLIDAY FOR GREECE AS NECESSARY
The bigger question IMHO is what bonds will do?
Best guess, if we see a selloff in bonds and rising rates like we saw last week, then we’ll know that somewhere some derivatives are blowing up.
Make no mistake, this is the EU taking the Greeks to their knees to influence the referendum. They’ll have them begging the EU to save them.