Rats And Sinking Ships: Chairman Of Greek Bank Rescue Fund Resigns

With "The objective of the Hellenic Financial Stability Fund is to contribute to the maintenance of the stability of the Greek banking system, for the sake of public interest," it appears the Fund's Chairman has decided to add some instability and leave the sinking ship:

• *GREEK BANK RECAPITALIZATION FUND CHAIRMAN RESIGNS: STATEMENT

Ironic (or coincidental) timing as Draghi proclaims he is not blackmailing Greece and Merkel says "Nein" to more liquidity.

As Bloomberg notes,

Christos Sclavounis, Chairman of the Hellenic Financial Stability Fund, resigned, Athens-based institution says in e-mailed statement today.

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Perhaps this is why...