Angeline Benoit and Ben Sills report for Bloomberg in Spanish Bonds Fall Even as Rajoy Unveils More Budget Cuts 04/10/2012 that Spanish bonds yields are climbing near 6% (600 basis points) again, a level that has become a signal in the EU crisis that the cost of borrowing is becoming unsustainable:Prime Minister Mariano Rajoy yesterday unexpectedly announced the 10 billion-euro package, less than two weeks after unveiling the most austere budget in more than three decades.
Today the European Union has come and said that Greece's budget cuts 'appear sufficient' to meet the country's annual goals. Victory? Bloomberg: “The fiscal measures adopted by Greece so far appear sufficient to reach the 2010 budge... Read Post
Greece's ten-year bond yield has hit 8.13%, the highest level since 1998, after it was learned that the country's budget deficit was even worse last year than originally thought. Bloomberg: The EU’s statistics office said today Gree... Read Post