Tonight we dine in bailout hell!
BUSINESS WEEK--The markets are in a funk about the public-debt crisis in Greece. The country was clearly not ready for euro membership and now faces some hard choices: make savage budget cuts and plunge into a deep recession; default on its debts and lose its credit rating for a generation; plead for a bailout from its European Union partners; or quit the euro.
But, hey, there might be money to be made from this Greek tragedy. The way to do it is by swapping Hungarian bonds for Greek ones, shorting the euro, ditching Spanish and Portuguese assets, shorting the Athens stock market and booking this summer's Greek vacation now.
The Greek crisis is accelerating all the time.