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.
- Actually, such discussions now seem to have started. that’s at least something
This is now the graph to keep track off: