Saturday, July 07, 2012
1. "This is how the global economy collapses" 2. Euro CRISIS: An update on this weekend's important elections 3. This could be the biggest threat to the euro now Just one week after the latest
bailout, the euro crisis is getting
worse again
Friday, July 06, 2012
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Summit full life: One week. Literally.
Last Friday morning, speculation that
The same security is now back over 7%,
The other thing pushing Spanish spreads
Saturday, 7 July 2012
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From Zero Hedge:
Germany had "caved" to Mario Monti,
somehow allowing beggars to be choosers,
and would allow an unconditional and
IMF-free rescue of Spain and Italy while
the seniority of the ESM was eliminated,
sending the Spanish 10-year yield to under
6.2%.
where it was just before the summit, as
Finland and Holland (or half of Europe's
AAA-rated countries), and even Germany,
made it quite clear, as we said all along,
that stripping seniority of a piece of debt is
far more complex than saying one wants
to do it in a Memorandum of Understanding.
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