“The problem is you can make a pretty sensible argument for almost any outcome in Europe.
It could be a run on the banks very quickly. The Greeks could end up staying in for a little bit longer.
They could vote to take themselves out.
There could be a eurobond. The whole situation could be overtaken by events.
We could have bank runs in Spain. We could have LTRO.
We could have a concerted bond-buying action from the ECB.
You can make a sensible argument for almost any outcome it's in such a state of flux right now...."
-Bluecrest Capital's Michael Platt, JPM counterparty
From Market Folly's "BlueCrest Capital's Michael Platt on European Crisis & How He's Trading"