The wolf has been kicked away from the door.
April 13 (Bloomberg) -- Greece’s auction of Treasury bills drew stronger demand than at a previous sale as yields more than doubled in the first offering of debt since the nation won a pledge of aid from the European Union.
The bad news is, the Greeks just borrowed more money. In all non-snarkiness, this is exactly what they needed to execute their plan. As I understand it, the idea is for the rest of the Euro nations to lend them money while they get their house in order.
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