Euro crisis: “The euro area crisis has reached end game…” (Slugger O’Toole)


From Slugger O’TooleEuro crisis: “The euro area crisis has reached end game…”

The Italian finance minister, Giulio Tremonti, has held crisis talks with  Jean-Claude Juncker, chair of the Eurogroup of finance ministers.  The Spanish Prime Minister,  Jose Luis Zapatero, “has postponed the start of his holidays” to keep “an eye on the international economic situation.”  Both countries’ bond yields have reached their highest rates in 14 years, and are considered to be at unsustainable levels.  As the Guardian reports, the stock markets have taken fright “as fears grew over the health of the global economy and the ongoing European debt crisis.”

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This entry was posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics and tagged , , . Bookmark the permalink.

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