From the article: "The leaders of France and Germany hope to agree a deal that will assuage market uncertainties or, worse, volatility, in the run-up to the G20 summit in Cannes early next month.
France would now have to pay more than a percentage point – 114 basis points – over the price paid by Germany to borrow for 10 years as the gap between the two country's bond yields widened to their highest level since 1992."
How on earth is that "good news"?
Spain has just been downgraded two grades to A1 from AA, with outlook negative. More "good news", I suppose?
Look, this is the Grauniad. Used to have more spelling mistakes than a sixteen year-old shorthand typist. The article was probably about the drop off in North Sea oil revenue in Norway.
