Telegraph Live - Euro: Reports that the UK’s FTSE -100 was down 1.14% after the ECB stated it would not increase its bond buying scheme. In other words folks there is only so much that the ECB can do for Italy and the rest of the bailed out States of the Euro. The bond rates of Italy and Spain have started to raise again folks, how long before Spain gets its begging bowl out, lets hope Italy never asks, the EU does not have a big bowl. The Godfather would not be happy!
Thursday, December 08, 2011
ECB and the Markets
Telegraph Live - Euro: Reports that the UK’s FTSE -100 was down 1.14% after the ECB stated it would not increase its bond buying scheme. In other words folks there is only so much that the ECB can do for Italy and the rest of the bailed out States of the Euro. The bond rates of Italy and Spain have started to raise again folks, how long before Spain gets its begging bowl out, lets hope Italy never asks, the EU does not have a big bowl. The Godfather would not be happy!
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