Re: Re: The Banks

Profile photo of angie

Charlie et al, according to the Times today Greece has a taken on a new meaning for Sovereign Debt. Apparantly Greeks are literally buying British Gold Sovereigns at 273 eu with 700 a day coming out of Greek Banks, on the B market they’re paying 300 eu each for them.

Newsnight last night warned that the bail-out of Cajasur in Spain could be the tip of an iceberg, even saying it might be a Lehman Bros scenario in Spain.