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Beware the Ides of March?


What's ahead in the modern Greek tragedy?

Last Friday, Deutsche Bank (DB) CEO Josef Ackermann met with Greek Prime Minister George Papandreou for what Bloomberg described as a "normal business trip." Of course, one would venture to guess that the discussion was anything but normal.

Old School Minyans will recall that we quoted Mr. Ackermann as the crisis took shape, when "working groups" and "super conduits" were first introduced to the mainstream lexicon.

In October 2007, he said it was "premature to make a firm judgment…when all details are yet known or fully announced" and to succeed in restoring confidence, a plan must provide "transparency" to the prices of financial assets."

Fast-forward to the modern day Greek tragedy, where European Disunion is a legitimate risk and the Five-Step Guide to Contagion is a familiar script.

So, what's ahead in the Greek story?

Join Todd Harrison for a closer look.

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