Wednesday 16 November 2011

Eurozone doldrums / -2

It is most peculiar and absurd that some eurozone governments applaud and rejoice over the fact that two of its members are now governed by unelected officials who both oversaw and sanctioned the demise of their economies as EU commissioners to begin with.

The current cost for 7 eurozone countries' sovereign debt, based on 10-year government bonds (Bond yields over 6% are perceived as unsustainable):

Greece 32.25%; Italy: 7.13%; Portugal: 8.61%; Spain: 6.35%; France: 3.70%; Belgium: 4.93%; Germany: 1.83%

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