Key Data Points
German 10-year Bund 6 bps lower;
France 10-year 10 bps wider to the Bund;
Italy  19 bps wider;
Spain 28 bps wider;
Belgium 11 bps wider;
Portugal  56 bps wider;
Ireland 6 bps wider;
Greece 93 bps tighter;
Large Eurozone banks down 0-5 percent;
Euro$ down 0.71 percent.

Comments
Eurozone PMI hits 40-month low;
Spain’s unemployment rate hits record high, over 25%;
German consumer confidence at five-year high;
Standard & Poor’s downgraded BNP Paribas and changed the outlook to negative for several French banks, including Société Générale and Crédit Agricole;

The Euro Working Group (EWG) of eurozone finance ministry officials will meet Monday to review the country’s aid package;
Silvio Berlusconi, Italy’s former prime minister, sentenced to four years in prison;
Source:  FT & Guardian

(click here if charts are not observable)

Category: Think Tank

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One Response to “Weekly Eurozone Watch”

  1. VennData says:

    ‘… The New York Fed held the largest share of reserves at the end of 2011, or 45.2 percent with a value of 60.1 billion euros ($78 billion), according to a statement sent to the German parliament…”

    http://mobile.bloomberg.com/news/2012-10-25/new-york-fed-to-help-bundesbank-meet-gold-audit-requirements.html

    Have they run this past Ron Paul?