Wednesday, Jul 16, 2008
It might be wrong to do this, purely as a result of a lack of understanding of how the euro is supported by the combined strength of the Eurozone members, but crowd mentality is a powerful force and if people think they are at risk of losing all their mon
moneyweek: Who will pull out of the euro first?
It may seem unusual to still think of the euro as a combination of different currencies but the same approach is applied to the government bonds issued by each Eurozone country. For instance, 10-year bonds issued by the Italian government are yielding 5.034%, compared to 4.422% for German 10-year bonds. French bonds are offering just 4.636%, compared to 5.089% for Greek bonds. It is the financial strength of these countries that effectively combines to underpin the stability of the euro currency but there are clearly some variations in
Posted by big chris @ 11:05 AM (302 views) Add Comment
2 Comments
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1. waitingfor hpc said...
no one will. Deep done they all need each other. A problem shared is a problem halved. What are we going to do in the UK???
2. little professor said...
How weird?. Interesting article.