"The tribal wisdom of Dakota Indians, passed on from generation to generation, says that, when you discover that you are riding a dead horse, the best strategy is to dismount.

In modern government, however, a whole range of far more advanced strategies is often employed...."

I don't know how many of these strategies you count that have been adopted to Greece, I count several ...

fyi the current Greek agenda:



Source: Bloomberg

they will miss the redemption of that Samurai note tomorrow
that will put them in default
and avalanche of things might happen

I agree it is a 'relative' small amount
but when they don't know now how to pay it, they will not know it tomorrow
miracles don't happen, look what happened, they cam to Brussels without a plan...

If you would run your private finance like that.. you are broke in no time

it is ok to need money
but you will have to tell you bank some time before
no bank will give you money, if you need it by surprise and for tomorrow..

in my opinion, these guys have no idea of how to fix the situation...

they will miss the redemption of that Samurai note tomorrow
that will put them in default
and avalanche of things might happen

@rleplae

Now it's official:
Some mins ago, Greece announced to pay back the Yen loan.

would have been a nice profit
if you bought the bonds yesterday at 50% and get face value back today/tomorrow...