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Euro: Spain
  • Vitaliy_KiselevVitaliy_Kiselev
    On Tuesday, the Treasury sold 750 million euros of 3-month bills at an average yield of 1.899 percent compared to 1.568 percent at the previous auction and at a bid-to-cover ratio of 6.3 after 9.5 in June.

    Spain also sold 2.14 billion euros of 6-month bills, with the average yield rising to 2.519 percent, the highest since Dec. 2010, from 1.776 percent in June, while the offer was 2.2 times subscribed after 3.8 times at the last auction.

    Source: http://www.reuters.com/article/2011/07/26/spain-bills-idUSLDE76O14K20110726

    As usual we can see constant "improvement" in debt situation, this time in Spain.
    May be looking at this "improvement" US goverment wanted at least to be in control of falling living standards of their residents.
    So, started all this largely entertaining comedy.
  • 3 Replies sorted by
  • ButtButt
    Spain and Italy are the next € bankrupts
  • Vitaliy_KiselevVitaliy_Kiselev
    Youth unemployment has also reached a new record since the last recession with now 46.12% of the under 25's out of work.
  • ButtButt
    Yes - and the policy destroyed more billions for nothing . . .
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