Even Germany's cost of borrowing is beginning to rise again
Although Germany’s bond yields are still far lower than a year ago, it’s been rising sharply in the last few days…
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Although Germany’s bond yields are still far lower than a year ago, it’s been rising sharply in the last few days…
Germany ensured that Spain’s €100bn banking bailout would go through the government – meaning it counts towards national debt.
EU leaders are meeting again at the end of the month to discuss a growth agenda. Here’s what Germany will propose.
A German newspaper report says the Bundesbank won’t take Irish, Greek or Portuguese bonds from banks any more.
Minister for Finance says that a European growth slowdown would affect Ireland, but has already been factored into Budget forecasts.
When seasonally adjusted, Germany’s unemployment rate is now 6.7 per cent – the lowest it’s been for years and years.
Germany this morning issued a new batch of 6-month bills – and demand was so intense that the yield is negative.
While the demand for the latest batch of 10-year bonds was higher than November, it was far below the usual standard.
Germany issues €6bn in 10-year bonds – but only €3.8bn were sold, leaving the central bank to step in and buy the rest.
The pan-European ESCP business school says Ireland could get rid of €184bn in debts – by simply cancelling them out with others.
If it was borrowing today, Spain would pay 6.3 per cent interest for a 10-year loan – a level that can’t be sustained.