Hey, who says we can't talk politics nicely around here? At least we all agree on one thing: the banks aren't going to turn tail and run. Why should they, they're holding all the cards. Too bad the deck is rapidly becoming worth less.
But it seems the typical Greek populace would rather hold on to their collective cucumber and lay around naked on the beach rather than accept some cold bitter obligation from the northern regimental neighbors, who woulda thunk?
Investing tip: buy goats, or shares of goat product importers, or shares of local goat cheese artisans. I think the Helenic are taking their feta and going home, not playing the broken model anymore. I think the only reason they went for the Euro is because it sounds a lot like Gyro. Now they find they don't have much of an appatite. There comes a time. Too bad, I love those old fashioned wraps.
PS. 'who folds first' doesn't mean who gives up or goes under, it means who refuses to call the bluff, they are bluffing right? I'm still going with the fed this time. But the winner is the last one standing.