Wednesday, February 10, 2010


Greece – there have been a slew of headlines in the last 24 hrs discussing various
bailout scenarios being hashed out in Europe for Greece and other sovereigns; so
far, it appears like officials are meeting and discussing options and some kind of a
public announcement may be made tomorrow following the EU summit. However,
it’s not clear if anything definitive will be announced this week. According to
Bloomberg this morning, “European Union leaders meeting in Brussels
tomorrow will probably press Greece to present more detailed budget cuts and
stop short of announcing an aid package” ; later in the afternoon, Bloomberg
reported that European officials could issue a statement of “support” for Greece
w/the aim of quelling “exaggerated” market fears.

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