In Italy Tremonti calls emergency meeting - In Spain Zapatero cancels vacation departure.
At last some of the presumed leaders of the EU are beginning to wake up to the realities of the markets, upon which I posted at length last evening.
More on the sell off in stocks of the Italian banks, from the WSJ linked here.
In Germany investors seeking a safe-haven for their money have taken inflation adjusted yields on German 10 year bonds to Zero, the first time for fifty years! Read Reuters here.
Labels: Euro collapse, Italy, Now Spain
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