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The heart of the euro problem

September 17th, 2011 · No Comments

Why it’s different for Italy and Spain, which have better public finances than Britain, but pay much higher interest rates..

The way Greek banks are bled dry is similar to how Italy and Spain pay more than double the interest rates on 10 year debt compared to the UK, while having no worse public finances..

Read the article (from us) here

Tags: Sovereign debt crisis