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Saturday, June 26, 2010

The euro bailout could be failing

So much for that Greek bailout plan. Greek CDS are now back at fresh all time highs as the market seems set on not only testing the EU's rescue resolve, but determined to get a fresh new bailout plan entirely.

At last check CDS was just shy of 1,000 bps.

The immediate catalyst is a Fitch report that says Greece risk has gone up and...

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