Wednesday, Jan 14, 2009
Dont ask me to explain but it seems important!
Bloomberg: Credit Swaps on Ireland, Spain Rise on Ratings Threat
Jan. 14 (Bloomberg) -- The risk of losses on European government bonds is mounting as the economic slowdown threatens credit ratings in Ireland, Portugal, Spain and Greece.
Credit-default swaps tied to the debt of Ireland rose more than seven-fold since September to 217 today, while those for Spain rose about 71 basis points to 122, Portugal increased 80 to 120 and Greece jumped 160 to 238, according to CMA Datavision in London. Contracts linked to the debt of lower-rated Mexico and Vietnam fell in the same period.
Posted by flintster1994 @ 12:16 PM (315 views) Add Comment
3 Comments
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1. fjcruiser said...
the Euro days are numbered.
2. stillthinking said...
No they aren't !
3. stillthinking said...
Maybe the name will change to the Deutschemark.