Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
In the same category

Six Months Later, Super Mario Eyes His Cape

IMG Auteur
Published : February 05th, 2013
164 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : Opinions and Analysis

They’ve still got a dismal economy in Europe, but at least their sovereign debt markets aren’t threatening to implode anymore as borrowing costs for Spain and Italy have fallen steadily over the last six months following European Central Bank Chief Mario Draghi’s promise to do “whatever it takes” to preserve the euro.

Well, that honeymoon may already be over if bond yields for Spain (shown below) and Italy as reported at Bloomberg are any indication. Corruption allegations in the former are threatening the tenure of Premier Mariano Rajoy and uncertainty is quickly mounting about fast approaching elections in the latter where there’s a new criminal investigation into derivatives trading by major banks.

24hGold - Six Months Later, Su...

The curves for bond yields in Italy looks about the same, though the scale is a bit lower with ten-year yields recently rising from just over 4 percent to about 4.5 percent. 

Stories such as How Mario Draghi Found a Way to Rescue the Euro from last month may have been premature.

Data and Statistics for these countries : Italy | Spain | All
Gold and Silver Prices for these countries : Italy | Spain | All
<< Previous article
Rate : Average :0 (0 vote)
>> Next article
Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
WebsiteSubscribe to his services
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
Comments closed