Wednesday, July 20, 2011

‘Germany is not Greece’ t-shirt..anyone?

German nerves fray as bond yields jump

Panicky Germans look at the US and the UK and turn fearfully to their leaders with a message that says "avoid following these Anglo-Saxon risk-takers at all costs"...... The problem for the Germans is that much of their wealth is intangible and can suddenly be worth a fraction of its former value. Huge investments in Italy and Spain are now teetering on the brink of worthlessness.

Posted by rental john @ 03:53 PM (645 views)
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