Politics What should the EU become politically ?

It seems you missed again Ireland : Ireland's five-year sovereign CDS were at 228 basis points Tuesday morning from 199 basis points at Monday's close:

http://www.nasdaq.com/aspx/stock-ma...portugal-spain-debt-insurance-costs-hit-highs




On Monday, Greece's five-year CDS did hit 750 basis points, before recovering slightly.
Greece GDP: 330b


Similarly, Portugal's CDS were also under pressure, with spreads around 39 basis points wider from Monday's close at 349 basis points, data from CMA showed.
Portugal GDP: 227b


And Spain's five-year CDS rose above 200 basis points, to 204 basis points, from a closing level of 188 basis points.
Spain GDP: 1,464b


Ireland's five-year sovereign CDS were at 228 basis points Tuesday morning from 199 basis points at Monday's close.
Ireland GDP: 227b
 
I wonder why Spain wants to bailout Greece. Maybe it's because they know they're next, and they're bigger than Greece, Portugal and Ireland combined?
 
To cut out the bullsh*t from the north-american speculators, maybe?
 
How much funding is the US going to need over the next three years?
 
This is only 15% of the Eurozone economy and they need 2,000,000,000,000 USD.

Who knows how much the US needs but the USD is backed by petro.
 
Predictable. S&P is a north-american-based agency.

The rating agencies, such as S&P and Moodys, looked the other way when the mortgage meltdown was developing and now they are so quick to pull the trigger. Overcompensating for past incompetence and lack of integrity?
 

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