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Realistbear

Belgium Appears To Have Beaten Portugal To It

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http://www.bloomberg.com/news/2010-12-01/european-contagion-spreads-to-region-s-core-as-belgian-bond-yields-surge.html

Europe’s sovereign crisis is spreading to the heart of the 16-nation bloc as investors question Belgium’s ability to cut the euro region’s third- highest debt load, overshadowing its economic performance.
The extra yield investors demand to hold Belgian 10-year bonds instead of benchmark German bunds of similar maturity widened to 139 basis points at 5.10 p.m. yesterday in Brussels, the most since at least 1993. The cost of insuring Belgian government bonds rose to a record for a second day, according to CMA prices of credit-default swaps.

No FOREX reaction so it must be either contained or priced in.

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The European Commission’s Nov. 29 forecasts show Europe’s sixth-largest economy may outpace the euro region and expand 2 percent this year and 1.8 percent in 2011, helping push down the budget deficit. Gross debt may still reach 100.5 percent of GDP next year, exceeding the EU’s 60 percent limit of GDP.

Thanks for explaining that 100% of GDP is greater than 60%, I would never have figured that out.

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Thanks for explaining that 100% of GDP is greater than 60%, I would never have figured that out.

they also dont mention that GDP is made positive by more government spending, which increases the debt, to which you need to spend more as a government to keep the percentages in Growth positive, which increases the debt, to which....

I say, pay up, or, stop spending, sack some Government workers, cut ALL their salaries by 50% above 25k whatevers, and start a serious cull of managers.

Id also put price controls on medical purchases....insurance based billing means there is NO control on medical costs by a market.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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