Saturday, 12 November 2011

Europe: the pain continues.

So, Berlusconi has resigned.

Apparently the EFSF had to buy its own bonds to achieve the complete sale of a 10 year 3 billion eurobond in support of Ireland.  This is very worrying, it indicates there is no appetite for the bonds from some of the existing and potential purchasers of  sovereign debt bonds.  See:

May I draw your attention to some interesting articles:,1518,797399,00.html Worst case scenarios.

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