Greek 2 Year Bond Yield Passes 20%

As Greece burns (again), <click here> Greek bonds implode as bond yields rates soar above 20%, a historic high.  The Greeks have already defaulted, and the Euro community imposed austerity measures last year in an attempt to restructure Greece.  With credit spreads widening, expect the revival efforts to fail.  As many consumers and debtors already know, when interest rates rise north of 20%, it is virtually impossible to pay down the debt, without a huge increase in income growth. 

http://www.zerohedge.com/article/greek-2-year-bond-yield-passes-20