Euribor – December 2010 |
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Comment: Futures contracts are pricing in no significant economic pick up for another year while Eurozone politicians hold an emergency crisis meeting today insisting stress tests on their banks will prove they are sound. Missing the point as usual, it is governments themselves that are not sound, neither financially nor necessarily having the popular support needed to enact newly in vogue austerity plans. Meanwhile German Bunds yield a lot less than many other sovereign issues but let us not Read More...
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