9 Nov.
James Turk - Expect Cataclysmic Events in the Coming Weeks
Yields on the ten year Italian bond soared to over 7%. The 7% hurdle is considered critical because once Greece and Ireland went over 7%, they turned to the EU for a bail out. So the thinking now is that Italy needs a bail out too, but here’s the problem. Italy has two trillion euros of debt. That’s greater than the total amount of debt owned by Greece, Ireland, Portugal and Spain combined.”
More at:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/9_James_Turk_-_Expect_Cataclysmic_Events_in_the_Coming_Weeks.html
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- italian bond yields @ 6.65%
italian bond yields @ 6.65%, page-7
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