Posts Tagged ‘spain’s borrowing costs’

Spain Again Faces Borrowing Costs Above Dangerous Level of 7 Percent

July 9th, 2012 Comments off


The bond vigilantes are increasingly unimpressed with the bumbling politicians of the Eurozone. With finance ministers from the monetary union set to meet in Brussels for another of the monotonous string of Eurozone sovereign debt crisis meetings, borrowing costs for financing of Spain’s government debt have again exceeded the red line of 7 percent.

While the pundits still claim there is no danger of Madrid joining some of the other PIIGS nations in requiring a bailout, this after a massive bailout of Spain’s insolvent banks, the ranks of the economic optimists, those who still believe that the policy measures of politicians resolved the global economic crisis that began in 2008, are becoming increasingly thinner.







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Spain’s Borrowing Costs Soar Through The Roof

June 14th, 2012 Comments off

Only days after the bungling Eurozone politicians provided another one of their countless, debt-financed bailouts, with another promise that the Eurozone debt crisis was “permanently” solved and ring-fenced,  borrowing costs for Spain’s government have soared above the dangerous and unsustainable 7 percent level. In addition, Italy’s borrowing costs have increased to above 5 percent.

The bond vigilantes clearly have no confidence in the Eurozone political establishment. And with the next Greek election only days away, the shocks to the Eurozone system are far from over.  The Eurozone debt crisis, far from being contained, seems to be impregnable even to a shower of bailouts being thrown at it by helpless politicians.