http://www.telegraph.co.uk/finance/...oor-bond-sales-fuel-euro-contagion-fears.html Philippe Mills, the head of the French debt management office, said on Thursday that recent developments in debt markets were not related to economic fundamentals any more and have become "quite bizarre". "What is clear is that you have a market environment which has recently developed and which has its own dynamic, its own self-fulfilling prophesy in a way, which is very far from any evaluation of any elements of fundamental analysis of whatever country," he said at the Euro Finance Week in Frankfurt. French crisis management: When the market sells Italy, it's Berlusconi's fault, Italy's inability to tackle its problems, and so on. When the market sells France, it's a bizarre self-fulfilling prophecy I wonder if Sarkozy is still laughing now.
that seems a hefty price for germans to pay for for the german invasion of belgium during world war 11
Yesterday and today, Spanish yields have been under the spotlight. This is jus after French yields have glamorously returned to lower levels. http://www.bloomberg.com/quote/GSPG10YR:IND We all know by now, that the real turning point in the European crisis, is France. The downgrade of France (and the spiking cost of borrowing would immediately send French banks into default and would heavily impact on Germany). The attempt to turn away attention from this key issue is the last resource for the club Med and you can expect that they will die hard on this. Does anyone else get the feeling that ECB is orchestrating the crisis? Anyway, this has been the sequence so far and what will likely be in the next weeks: Iceland-Ireland-Portugal-Greece-Italy-France-Germany-US-Global meltdown
"Iceland-Ireland-Portugal-Greece-Italy-France-Germany-US-Global meltdown" Iceland-Ireland-Portugal-Greece-Italy-France-US-Germany-Global meltdown