Guardian Live - Euro: Reports that 10 Year Spanish and Italian bonds have risen again, the article notes the following in its 12.38pm post, " The Spanish 10-year yield has broken through the 7% danger mark again...The Italian equivalent has risen through 6%, another important level - up 5 bps at 6.046% "
Lets Get Real:
Folks this like watching a very slow train wreck, lets GET REAL HERE, Spain and Italy need a major bailout, we are talking trillions and Germany and the Eurozone Countries have to pay for it, it is that simple and drastic, if they do not pay then Italy and Spain will sink the Euro. One can see Finland bolting if it is asked to pay for Italy and Spain. The Markets do not trust the EU Countries to come to the rescue should the balloon go up over Spain and Italy, we are talking about trillions here folks, long term bailouts, with the EU in control of Spain and Italy. The Euro has a choice folks, it is harsh but the only option, it has to become part of a Greater Economic Germany, Berlin wins in the end, they have the money.
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