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The only reason to watch is to add to your shorts (or long Treasuries) if Papandreou doesn't receive approval.
Only for the $$$$$$.
And a tad bit of sincere concern of course.
I don't know if this failing would be the worst thing in the world. The way it's been priced in the last couple days, things would be terrible this week, but the sooner a restructuring happens, the more long-term pain can be avoided.
edit: Moot point now, but I wonder how long it will be before Greek yield start going up again.
Seems Papandreou got his votes, 155 votes in favor and 145 against. On June 28th they'll vote again about the austerity programs i.e. 28 billion euros in austerity and 50 billion in privatization, only then will Greece get its 12 billion euro 'loan' in July
..serious liquidity problems, is default / restructuring the only way?
Lol if I were Blackstone and/or the Chinese, I would be chomping at the bit to buy the whole of Greece at firesale prices...
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