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This crisis is becoming increasingly worrisome. and things are now deteriorating rapidly in the Eurozone. It appears that the pace has quickened considerably, w
by mixmax 15y ago
This crisis is becoming increasingly worrisome. and things are now deteriorating rapidly in the Eurozone. It appears that the pace has quickened considerably, with bad news almost every day.
Yesterday Belgium was downgraded by Standard and Poors, the day before Germany was unable to sell all of the bonds it offered on sale, the day before that Italy had to pay an unsustainable 7% on new bonds.
Unfortunately I have trouble seeing a short-term solution, though I hope there is one as the alternative is really really scary.
- holri 15y agoIt was also very common in the past that Germany could not sell all bonds offerd. The rate of return for German Bonds is very low now, no wonder that the demand is also low. It is just how markets work. The fact that this makes it to the headlines is alarming not the fact itself.