Thursday 17 November 2011
Might we see Italy go careening off the edge in the next few days? I mean, even more than it has?
The Financial Times suggests that we might, writing of a “danger zone”
in an article published Nov. 7: “Italian 10-year bond yields rose to
euro-era highs of 6.68 percent at one point, well into territory
considered unsustainable by the markets. Traders warned that without
[European Central Bank] intervention, the Italian bond markets would
have seen leaps in yields that forced Ireland and Portugal to accept
emergency bailouts.”
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