"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Thursday, November 17, 2011

UH-OH: SPAIN'S BONDS RISE TO 6.97%

BBC:
Spain's borrowing costs have risen at its latest bond auction, as Spaniards prepare to vote for a new government to tackle its financial crisis.

On money borrowed today, payable in 10 years, Spain has to pay an interest rate of 6.975%, the highest since 1997.
7% IS THE DANGER ZONE. - SO THEY ARE ON TH CUSP OF REAL DANGER.

THINGS ARE NOT GETTING BETTER IN EUROPE.

FRANCE'S INTEREST RATES ALSO CLIMBED.

STAY TUNED...

No comments: