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Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
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[quote:Marxist:MV8xODk4MDQzXzMxNzE5OTQ3X0Y0NEVCNERC] [quote:Anonymous Coward 16489306:MV8xODk4MDQzXzMxNzE5ODYxXzJFRDkxOTVC] For us in Ireland the sooner the euro dies the better.Need to reintroduce the punt, devalue it and tie it to sterling while getting the economy to grow again. This Eurocalypse nonsense has scared the masses who cannot think beyond it. Get rid of it. [/quote] Its too late. Nothing on earth can effectively deal with the debt banks worldwide hold. This Euro experiment was an absolute disaster as was the false boom it generated.I remember telling friends in Belfast prior to emigrating in 1993 that the South would live to regret the false boom. [/quote]
Original Message
Yield on Spain bond yield hits highest-ever 7%! MADRID (MarketWatch) -- The yield on Spain's 10-year government bond reached an all-time high of 7% on Thursday, with Tradeweb reflecting the yield /quotes/zigman/4869131/delayed ES:10YR_ESP +3.17% at 7.01%, versus a close of 6.772% the prior day. The move came in the wake of a three-notch Moody's Investors Service downgrade for Spain, which put its debt rating one notch above junk status. Italy's yield /quotes/zigman/4869096/delayed IT:10YR_ITA +1.26% was at 6.34% as the country prepared to auction medium- and long-term debt. [
link to www.marketwatch.com
]
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