DailyMarkets.com - Is The Euro Banking Crisis Over? |
| Is The Euro Banking Crisis Over? Posted: 03 Feb 2013 12:46 AM PST The head of the IMF recently stated as have many other that Euro debt crisis is behind us. Interesting. Squawk Box Europe CNBC Question: Why did the Spanish bond yields fall from a ‘its over’ 7.5% to a ‘manageable’ 5% during the last 7 month (during US Election period as well). Answer: Who has been buying Spanish bonds? Why themselves! How? The Spanish government spent 90% of the country richest piggy bank the 'Social Security Reserve Fund' (SSRF). They spent their own monies to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards |
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