Prudent Germany, the narrative goes, is loath to bail out freeloading Greece, which borrowed more than it could afford and now must suffer the consequences. Would it surprise you to know that Europe’s taxpayers have provided as much financial support to Germany as they have to Greece? An examination of European money flows and central-bank…
Tag Archive for Bank For International Settlements
Bears Chat, Best of the Forums
Pritchard often overstates matters; but even with that in mind, his latest on the Eurozone is chilling…
by Bears Chat at The Wall Street Examiner • • 0 Comments
Telegraph link
Excerpts:
Yields on Italian 10-year bonds hit a post-EMU high of 5.3pc on Friday. This is not just a theoretical price: the Italian treasury has to roll over €69bn (£61bn) in August and September; it must tap the markets for €500…