BBC News: Reports that the cost of Spain and Italy in selling their bonds have gone in to a danger zone, with Spanish bonds at over 7%, while Italian bonds reached 6.1%.
Lets Get Real:
Here we are again folks, the last EU Summit was suppose to have dealt with this issue, the EU bailout fund was meant to ease the cost of Spain and Italy in selling their bonds, but then plucky Finland and Holland said NO, Finland even stated it would leave the EU if it had to take on on the debt of others. Thus the bailout idea when it comes to bonds is on hold, thus another Summit, lets see what they come up with, will it make any difference long term, NO, but the EU is good at throwing these issues in to the long grass and hoping something comes around the corner to save the day, it wont this time, poor EU.
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