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Thoughts for this morning:

Greece has woken up to the implications of their financial problem on other EU member states.

This is the back ground to their statement of today giving one week for an agreement between the EU and Greece for a bailout rescue program.

Note the potential involvement of the IMF if an agreement with the EU IS not forthcoming.

All of this IS focused on Germany and the video posted last evening.

Bloomberg reported this morning that EU intelligence agencies are looking into the derivative dealing that lead up to the hammering of Greek Debt.

The international investment firms may well bitten off more than they can handle when countries come into the cross hairs.

Jim