'Believe it or not, you now have to pay for the privilege of lending to the German government, on six-month funds at least. Berlin managed to sell €3.9bn of bonds yesterday on a yield of minus 0.0122pc.
So scared are eurozone investors of capital destruction that they would rather lose out to inflation than the perceived greater risk of anything else.
The same goes for the banking sector, which according to the latest data has a record €464bn of money on overnight deposit with the European Central Bank. These are funds which otherwise banks would be lending to each other.
By common agreement, some form of fresh denouement in the eurozone crisis is fast approaching.'
http://www.telegraph.co.uk/finance/comment/jeremy-warner/9003511/Can-the-euro-survive-another-year.html
Can this madness go on indefinitely? The poor thing is on its last legs - it's past time for it to be humanely destroyed.
NEVER forget that the euro has never been an economic 'tool' - it is the superglue holding the EU together.
LET IT DIE! Euthanasia here is a must!
http://www.telegraph.co.uk/finance/comment/jeremy-warner/9003511/Can-the-euro-survive-another-year.html
Can this madness go on indefinitely? The poor thing is on its last legs - it's past time for it to be humanely destroyed.
NEVER forget that the euro has never been an economic 'tool' - it is the superglue holding the EU together.
LET IT DIE! Euthanasia here is a must!
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