Guardian: Reports on the following on the Italian Government bond selling, “ The auction in Italy divided analysts…at 6.979%, was still within a whisker of the 7% level that has triggered bailouts ”. As the article notes in 2012 Italy has to sell 450 billion worth of Euro bonds to keep it going, lets see what happens after the Italian people start to suffer the consequences of austerity, also how will the Unions react, if Greece is any example it should get quite hot in Rome, Italy. The Euro is not out of the woods folks, the new EU Treaty has gone off the front pages but it will come back in the New Year, the hangover in 2012 folks will last longer and could last well in 2013. Enjoy the New Year Celebrations folks, it could be 1950s austerity in the EU in 2012/13.
Thursday, December 29, 2011
Italy and the Bond Market Part Two
Guardian: Reports on the following on the Italian Government bond selling, “ The auction in Italy divided analysts…at 6.979%, was still within a whisker of the 7% level that has triggered bailouts ”. As the article notes in 2012 Italy has to sell 450 billion worth of Euro bonds to keep it going, lets see what happens after the Italian people start to suffer the consequences of austerity, also how will the Unions react, if Greece is any example it should get quite hot in Rome, Italy. The Euro is not out of the woods folks, the new EU Treaty has gone off the front pages but it will come back in the New Year, the hangover in 2012 folks will last longer and could last well in 2013. Enjoy the New Year Celebrations folks, it could be 1950s austerity in the EU in 2012/13.
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