edao
Elite member
Today Italian yield on 10-year government bonds went over 7%.
7% is regarded as the line after which a country can no longer afford to service it's debts.
Can the EU afford to bailout Italy now, what cost has Italian pantomine political culture cost Europe?
Are we looking at the end of the EU and a period of political and economic meltdown?
Spain's yield will now go up as France's is already moving up, Spain will be bust before Christmas guaranteed. Banks will be falling like donimos as countries default on their debts, is inevitable depression ahead for Europe?
http://www.bbc.co.uk/news/business-15652708
http://uk.reuters.com/article/2011/11/09/uk-eurozone-germany-merkel-idUKTRE7A83AK20111109
http://www.guardian.co.uk/business/blog/2011/nov/09/greece-prime-minister-italy-berlusconi-resigns
7% is regarded as the line after which a country can no longer afford to service it's debts.
Can the EU afford to bailout Italy now, what cost has Italian pantomine political culture cost Europe?
Are we looking at the end of the EU and a period of political and economic meltdown?
Spain's yield will now go up as France's is already moving up, Spain will be bust before Christmas guaranteed. Banks will be falling like donimos as countries default on their debts, is inevitable depression ahead for Europe?
http://www.bbc.co.uk/news/business-15652708
http://uk.reuters.com/article/2011/11/09/uk-eurozone-germany-merkel-idUKTRE7A83AK20111109
http://www.guardian.co.uk/business/blog/2011/nov/09/greece-prime-minister-italy-berlusconi-resigns