In the real world, investors are selling all Eurobonds apart from Germany. France is looking like the next target for a panic sell off.
The ECB adamantly refuse to act as lender of last resort. As Rome burns, the ECB watch their inflation targets. But, if they don't intervene what will stop the Euro crisis? - ECB and Money Creation
One Year Bond Yields - Spread v Germany and France Bond Yields
French National Debt
- In Nov. 2011, French national debt stands at 1.7 trillion Euros - 85% of GDP.
- Forecast for end of 2012 is 90% of GDP.
- France's budget deficit is 5.8% of GDP
- France National Debt
- Spiegel online
Post a Comment