By Dave Anderson:
The Greek 2 year yield is up to a record 36%.
The Portuguese 2 year yield is up to a record 20.4%.
The Irish 2 year yield is up to a record 23.2%.
It is time to force the banks to take losses and for the Greeks, Irish and Portuguese to get out of the death grip of a German dominated currency that is being managed solely for German and Very Serious Peoples' interests.