Denounce the currency speculators.
Sell bonds and watch them tank.
Watch, as the ECB buys them at par.
* * * * * J B K * * * * *
San Francisco
Investors are already testing the euro region's efforts to contain the Greek crisis.
Greek bond yields have risen above their level before the government agreed on a European Union-led bailout on May 2 as escalating protests cast doubt on its ability to drive through austerity measures. Spanish and Portuguese bonds also renewed last week's slide as investors question their ability to cut budget deficits. The extra yield that investors demand to hold Spanish debt over bunds today rose close to a 13-year high.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aSpDbd.FbxK4
