Greek Parliament Finance Committee Approves Debt Swap Bill

Now go for a short.... Yahoooo

CDS will still be triggered . No implementation

So let me get this right...Greece approves a bill to FORCE people to accept loses on their investments? And this is a good thing???

Coercive losses on bond holders will trigger CDS. The TRUE size of CDS market is debatable. Some say 45 billion , some say 450 billion, and some say more. No one really knows. CDS is the timebomb

i think it will bounce back -30 pips

Do not analyze it,accept it as it is,... Is this the only thing that caught your attention?? THE ALL MARKET IS F^CKED UP

Greece just shot themselves on the foot. Get ready for the major market correct between now and 8/2012