Wednesday, April 28, 2010


In a move designed to counter pressure from market speculators, the Greek Parliament has unanimously passed a law imposing mandatory license fees on all securities trades based upon hedging strategies and pricing formulas utilizing letters of the Greek alphabet (aka the "Greeks").  As usual, the devil is expected to be in the details.

"They think they can take our alphabet and use it to destroy our economy. This is an insult that cannot be tolerated."--Prime Minister Pappy Papandreou

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