German 10-year Bund 9 bps lower;
France 10-year 6 bps wider to the Bund;
Italy 13 bps wider;
Spain 16 bps wider;
Portugal  46 bps wider;
Ireland 6 bps wider;
Greece 99 bps wider;
Large Eurozone banks up 0-5 percent;
Euro$ down 0.66 percent.

Comments
Growing fears Greece  unlikely to pass €13.5bn reform package needed to unleash EU aid;
Eurozone unemployment rate hits record high at 11.6% with 18.5m people out of work;  Italy sold 10 year bonds at a yield of4.92%, the lowest since May 2011.

For Germany, economics is a branch of moral philosophy. Growth is the prize for ethical behaviour. On the part of the individual – by saving – and on the part of the group – through budgetary equilibrium.
- Mario Monti, Italian Prime Minister

(click here if charts are not observable)

 

Category: Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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