Yield on 2 Yr Greek Debt Passes 25%

"European Central Bank officials have warned a restructure could prove more disastrous than the collapse of Lehman Brothers in 2008, which precipitated the financial crisis." Greece debt is getting what it deserves, but England is in no better financial shape. And what of the world’s biggest debtor? How would it do if interest rates hit even 10% of its 14+ Trillion? And the Republicans think that we have 20+ years to balance the budget?

Markets shun debt of rescued nations – Telegraph: www.telegraph.co.uk/finance/economics/gilts/847824….html

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