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More bad news

August 4th, 2011 · No Comments

Italian bond rates, after a brief, promising dip during Trichet’s speech, are back up and approaching dangerous levels..

Trichet hasn’t excluded bond purchases. But what the eurozone needs is a huge increase of the EFSF, that will really scare the bond vigilantes now on the prowl in Italy and Spain.

This is now the graph to keep track off:

Tags: Sovereign debt crisis