Soros bets against Euro

[Jan Klimkowski]

Zero Hedge: Paging The IMF: Greek Ten Years Just Hit 353.08%


A 34,914 bps spread to Bunds sounds about in line when you remove all bail out bells and whistles.

We always knew the FT would pull an April Fool's joke. Doing it a day late is just the one little touch of class that yanks sadly lack. Ironically this is a very sad harbinger into the reality of the bond world a few years from now, when countries will need to repay a bond over 3 times per year just to be able to get any funding whatsoever.We expect G-Pap to issue an immediate statement, claiming the speculators behind the Financial Times (we are confident the Telegraph's Ambrose Evans-Pritchard already has a tail by the Greek Secret Service) are hell bent on fomenting a revolution and sinking the Acropolis into the Aegean.

http://www.zerohedge.com/article/paging-...-hit-35308

April Fool or not, Greece is on the verge of sovereign default, and the dominoes are teetering.

The Germans won't provide cheap money. If they allow any EU bailout money, it will be at the cost of turning up the economic Shock Therapy ECT dial to maximum, and watching ordinary Greeks scream, whilst Greek islands become German holiday and dirty money havens.

If (when) the EU refuses "financial support", the IMF may hook up its own death squad electrodes for some Argentina-style Shock Therapy, which would be a first (and a new low) for "civilized" Europe.

Hopefully, the Greek people will then revolt against the bankers and unregulated global market capitalism. It may not be as peaceful and rational as the Icelandic revolt. Indeed, we may see some resurgent Spartan spirit, and a proper, old fashioned, revolution of the streets.

I would also expect to see some Gladio false flag atrocities to justify martial law - a scenario played out several times in Greece since WW2.

In passing, I'm amused to see that Zero Hedge agrees with my long-standing assessment of DailyTelegraph financial editor Ambrose Evans-Pritchard's true spooky masters....