Friday 18 November 2011

Germany losing confidence of Asia

Of all the bad news in the past few days this is probably the most significant and may explain, in part, why the Germans are rushing forward with schemes for fiscal and political union.

http://www.telegraph.co.uk/finance/financialcrisis/8897775/Asian-powers-spurn-German-debt-on-EMU-chaos.html

See also this article from last week: Chinese and Japanese concerns.

http://www.telegraph.co.uk/finance/financialcrisis/8886380/Eurozone-bail-out-fund-has-to-resort-to-buying-its-own-debt.html

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