Surely You Can’t Leave For The Hamptons Without A Quick Check In On Greece?

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Fajitas up!

The Grand Duchy of Luxembourg is good for essentially two things: hiding money and dining at one of the world’s few remaining Chi-Chi’s Mexican restaurants. And, as of yesterday, it is also once again good for trading Greek bonds, if you should want to do that for some reason.

The exchange lifted a suspension on trading securities issued by 25 Greek entities, from government bonds to those of Alpha Bank SA and Hellenic Telecommunications Organization SA, according to a statement.

Of course, anyone actually trading those things will rue the day if German finance minister Wolfgang Schäuble has his way.

Over the past two weeks, the 72-year-old Mr. Schäuble has puzzled even German officials who know the finance chief well with remarks questioning the wisdom of a new bailout for Greece….

Mr. Schäuble’s open skepticism over whether a new bailout would work has heightened uncertainty over what would happen once officials representing international creditors reached a preliminary deal with Athens, which is expected in the middle of next month. Over the weekend, Mr. Schäuble mused in response to a German magazine interviewer’s question about his differences on Greece with Ms. Merkel that he would resign if someone forced him to violate the responsibilities of his office.

Greek Bonds to Resume Trading as Luxembourg Exchange Lifts Ban [Bloomberg]
German Finance Chief Schäuble’s Tough Tone Heightens Uncertainty Over Bailout [WSJ]

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