The Contagion Moves From Greece To Ireland To Portugal To Spain |
June 20, 2011 | June 2011 Bond Updates |
There must be a contagion of sovereign debt write-offs-- sooner or later. Take Greece for example; its 2 year notes are yielding over 29%-- but the institutions holding that debt are still valuing the paper at 100 cents on the dollar. And that's just Greece, a small nation on the eastern border of Europe. |
View more at: http://blogs.forbes.com/robertlenzner/2011/06/17/the-contagion-chain/ |
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