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Germany’S Auction ‘Disaster’ Stirs Crisis Concern

Wednesday, November 23, 2011 - 4:06 PM
Germany failed to get bids for 35 percent of the 10-year bonds offered for sale today, propelling borrowing costs in Europe higher and the euro lower on concern the region’s debt crisis is driving away investors.

 

 

http://www.bloomberg.com/news/201...auction.ht

 

This is a very serious situation.  Germany is considered one of the safe havens in the EU for stability.
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WealthManagerWealthManager8 posts since
Nov 21, 2011
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