I noted that Germany's DAX Index began a sudden dip just before 10am ET.
Many traders are citing a comment from German Finance Minister Wolfgang Schaeuble that the deal between Greece and Finland that provided collateral to Finland to support the Greek bailout was "off the table," according to the German paper Handelsblatt.
The concern is that any deal that requires collateral might spark legal action by private creditors. Inability to take collateral may greatly complicate the Greek bailout deal.
How National Debt Works:
- German President Questions Legality of ECB Bond Buys
- European Shares Down on German Short-Sell Ban Talk
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