Tuesday, 10 July 2012

Can the Eurozone be saved?

Tom McDonnell: Spanish 10-year bonds are now over 7.1%. It looks like there will be a Spanish National Asset Management Agency (SNAMA) set up as a bad bank to deal with the bank losses. Those who dont learn from history...

Meanwhile Henning Mayer has a sobering but well worth reading post on the future of the Eurozone here.

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