-
History suggests euro's obituaries are premature
As talk persists that cash-strapped Greece might have to exit the euro, and bond markets panic over Spain, the fate of Europe's single currency could soon be hanging in the balance again. After "Grexit" and "Spanic", is it finally time to get ready for "Eurover"? The euro certainly seems in danger of market-driven disintegration, as signaled by wildly divergent borrowing costs among the nations sharing the currency. Bond yields in Spain are at euro-era highs because investor confidence has evaporated, while yields on two-year German notes and 12-month Dutch bills are negative. Ever-greater economic ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 25, 2012 3:25pm Jul 25, 2012 3:25pm
- Guest
- | IP XX.XX.72.190
- Comment #2
- Quote
- Jul 25, 2012 3:43pm Jul 25, 2012 3:43pm
- jalp
- | Joined May 2006 | Status: Never give up | 17 Comments
I just believe in... Peace and good Karma!
- Comment #3
- Quote
- Jul 25, 2012 4:43pm Jul 25, 2012 4:43pm
- Timetraveler
- | Joined Jul 2012 | Status: Horos eimi tes Agoras | 521 Comments
Don't Fight Forces, Use Them.