Wednesday, November 23, 2011

German Bund Auction failure signals new phase of EU crisis!

Detail of the failure mentioned in this posting's headline is described in this linked report from the Wall Street Journal.

Weakening of the Euro exchange rate indicates that markets are now anticipating some "printing" or larger supply of euros, Acting Man blog, linked here, has a theory this could come by the IMF borrowing from the ECB to assist vulnerable Euro Group countries, such as Belgium, Spain and Italy one presumes!



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