Friday, November 25, 2011

Belgian and French BONDS UP - Eurozone Crisis

Guardian Live: Reports on the raise of Belgian 10 year bonds yields, the rate at the present is 5.893%, while triple A France has seen its yield go up to 3.718%. The contagion from Greece and Italy has happened folks, the more Germany and France try to protect all 17 Euro States the more the cancer is starting to hit both France and Germany. The Germans could only sell 60% of their bonds, the UK had the cheapest rate, even than Germany. The Credit Agencies have warned France that it could be next to have the dunce hat, something has to give folks, if Germany wont move on Euro bonds or ECB then the PIIGS have to get out of the Euro, thus the Euro could take down the EU and the Western economic system.

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