Telegraph Live: Reports that the German Government could only sell half of its six billion bond sale, the article states the following, “ IF Germany can only manage this sort of participation, what hope for the rest. YIELDS are at completely the wrong level. ”. In other words PEOPLE the firewall is starting to breach, if the Germans can only sell three billion of their bonds, the very foundation of the Euro is at risk in the long term, either the Germans allow the European Central Bank to print money, with the danger of inflation or the PIGS get the hell out of the Euro. The article notes even the French triple A rating has come under threat, the austerity package of the French Government has not impressed the markets. Something has to give folks, this kind of nosedive in the market confidence cant be allowed to run and run, its not suppose to be a soap opera.
Wednesday, November 23, 2011
German Bonds and the Eurozone
Telegraph Live: Reports that the German Government could only sell half of its six billion bond sale, the article states the following, “ IF Germany can only manage this sort of participation, what hope for the rest. YIELDS are at completely the wrong level. ”. In other words PEOPLE the firewall is starting to breach, if the Germans can only sell three billion of their bonds, the very foundation of the Euro is at risk in the long term, either the Germans allow the European Central Bank to print money, with the danger of inflation or the PIGS get the hell out of the Euro. The article notes even the French triple A rating has come under threat, the austerity package of the French Government has not impressed the markets. Something has to give folks, this kind of nosedive in the market confidence cant be allowed to run and run, its not suppose to be a soap opera.
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