Greece has become a BitCoin of Europe in terms of volatility, and, man, things are soaring and crashing on a daily basis now. Here are three snapshots of Greek Credit Default Swaps:
End of last week:
Mid-week this week:
Closing yesterday:
Meanwhile, the entire financial system of Greece is now on a weekly timeline courtesy of the ECB approvals of ELA:
One move by ECB down on ELA or laterally on collateral requirements, and the house of cards can come crashing.
Note: Sources: CMA and @Schuldensuehner.
