2012-07-13 — theautomaticearth.com
The yields on Spanish and Italian 10 year bonds have been falling lately, though not by much (Update: they're rising again already, even with a "good" Italian auction). Why? Mainly because the Eurozone promised to ship €30 billion to Spain's banks. And partly because Spain got another year's time to comply with EU budget demands. And also partly because Spain announced its (hard to keep count) fourth - restructured - austerity package in a year (?!). There is a problem with all this. A big problem.
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