Britannia Radio

Greece Really Is On The Brink Of Default Right Now
Wednesday, 23 November, 2011 15:02

http://www.businessinsider.com/greece-really-is-on-the-brink-of-default-right-now-2011-11


Disastrous" bond sale shakes confidence in Germany
Wednesday, 23 November, 2011 14:03

A "disastrous" German bond sale on Wednesday sparked fears that Europe's debt crisis was even beginning to threaten Berlin, with the leaders of the euro zone's two strongest economies still firmly at odds over a longer-term structural solution.
Financial markets were also unnerved by newspaper reports that Belgium may be pressing France for an expansion of a 90 billion euro ($120 billion) bailout of failed bank Dexia.

On top of this, a special report by Fitch Ratings suggested France had limited room left to absorb shocks to its finances like a new downturn in growth or support for banks without endangering its cherished AAA credit status.
http://www.reuters.com/article/2011/11/23/us-eurozone-idUSTRE7AM0VR20111123


In sign it’s not immune from raging European debt crisis, Germany suffers weak bond auction
Wednesday, 23 November, 2011 14:01

http://www.washingtonpost.com/business/markets/german-opposition-leader-criticizes-governments-planned-2012-budget-deficit-as-too-high/2011/11/23/gIQAplibnN_story.html


Germany's Finances Not as Sound as Believed
Wednesday, 23 November, 2011 13:58

http://www.spiegel.de/international/europe/0,1518,799059,00.html

Europe Short on Cash as Bond Fears Deepen
Wednesday, 23 November, 2011 13:54

The implication is clear. Either Germany will have to guarantee the debts of other euro-zone countries in the form of euro bonds. Or the ECB will have to jump in and buy massive quantities of bonds from highly indebted currency zone members. A third alternative doesn't exist.
http://www.spiegel.de/international/europe/0,1518,799397,00.html