Reply With QuoteSpanish 10 year bonds at 6.8%. A bit of a record. Seems to be all falling apart.
You and the Greeks. Then again. Could i have about 2 million ? Before its worthless of course.
Glad my country isnt a eurozone member.
Spanish 10 year bonds at 6.8%. A bit of a record. Seems to be all falling apart.
Greek bank run?
Bloomberg's Marcus Bensasson
" "Deposits are leaving the banking system at a rate of 100 million to 500 million euros ($125 million to $625 million) a day, Kathimerini said, without specifying over how long a period that rate of outflow has continued."
Greek run, Spanish and Italian jog...for now.Originally Posted by tokengator
Tell it like it is Nige.
http://www.youtube.com/watch?v=j_0g-LImpoU
Guy Verhofstadt looks like a slimy shyte.
Farage. I really like this clown.
The Wiki link below is quite relevant:
http://en.wikipedia.org/wiki/Gold_reserve
I'd say the following countries will weather it better in the EU, or maybe it would be better described as "least sodomized":
Germany 3396.3 tons
Italy 2451.8 tons
France 2435.4 tons
Netherlands 612.5 tons
Italy is in BIG trouble.....right after Spain....but if they can hold onto their gold like a greedy Leprechaun until it's revalued higher.....they'll survive reasonably well I reckon....it's the part between here and there that's a worry for Italy.
I reckon Spain is soo utterly F'd that their reasonable reserves will not be able to stem the tide....they'll get screwed out of it and forced to sell or put it up for collateral(if they haven't already) BEFORE it gets prices higher.
It will be interesting to see if anyone in the UK attempts to tar and feather Gordon Brown for selling the UK's gold at pretty much the lowest price in a generation as Exchequer and Minister for the Financial Implosion of the UK.
Spanish bonds hit the 7% mark and Rajoy calls an emergency cabinet meeting.
Let's keep in mind though, what Spain is going through is the consequence of private debt, not public debt. Public debt will skyrocket now that all these banks have to be saved, but the Spanish state was very prudent with their finances until the 2008 crash turned everything upside down.
You are talking about the central government. The regional and provincial governments and even town halls are in severe debt. They overspent like there was no tomorrow. I cannot remember right now how many town halls have stopped paying their staff and even their suppliers leaving a bit of a trail of destruction in their wake.
City/local/State(non federal) debt has been missed by many in this mess over the last 5+ years.
Lots of focus on national and private debt.......but the stuff in between is a big threat too.
Bonds 7.2%, that and the sham of the Greek elections.
Before Germany agreed to hand over 100B to Spain, the Spaniards raised to price tag to 150B. Is there enough money in the whole world to bailout EU?
Nice one. How about we take a closer look at other places and the massive debt that make the euro crisis look like a joke.
Let's just hope Spain doesnt turn out to be another bottomless pit like another member of the EU. And if history is an indicator then it has good chances that they will NOT become another Greece.
It all depends on what the gouvernment will do next.
Posting Permissions
