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European Sovereign Debt Crisis in Pictures; Nothing Solved Yet…

IMG Auteur
Mish
Global Economic Analysis
Published : February 18th, 2011
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Category : Editorials

 

 

 

 

The ECB and EU want everyone to believe there will not be haircuts on sovereign government debt. The market refuses to believe that and so do I.

If there was no risk of default, then government bond yields would all be the same. Instead, please follow this progression of current yields on 10-year government debt.

Germany 3.237%




France 3.615%




Belgium 4.23%




Italy 4.731%




Spain 5.455%




Portugal 7.41%




Ireland 9.148%




Greece 11.859%




In spite of all the yapping by ECB president Jean-Claude Trichet and others, the European sovereign debt crisis remains near its most stressed levels, and the above set of charts proves it.

 

Mish

GlobalEconomicAnalysis.blogspot.com

 

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 Mish's Global Economic Trend Analysis

Thoughts on the great inflation/deflation/stagflation debate as well as discussions on gold, silver, currencies, interest rates, and policy decisions that affect the global markets.

 

 

 

Data and Statistics for these countries : Belgium | France | Germany | Greece | Ireland | Italy | Portugal | Spain | All
Gold and Silver Prices for these countries : Belgium | France | Germany | Greece | Ireland | Italy | Portugal | Spain | All
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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