Latest CS GRA index value = -1.91. Well, if European banks are scrambling with each other shi..ing their pants, no surprise here. Banks lodged 351 billion euros ($418 billion) in the ECBâs overnight deposit facility at 0.25 percent June 4th... http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a34c1l5U2_Q0 About time, to take on some risk again...
So far, I have not heard of any Greek bank going bankrupt. I haven´t heard of any large European bank write downs on peripheral bonds. So what´s this fear mongering about ? Some hedgies playing their wild card and PIMCO laughing their ass because of other market participants stupidity ????