Countries are selling Italian bonds along with other europeian debt (economy, money)

[SilverOne]

Japan's Kokusai Liquidates Remainder Of Euro Sovereign Exposure, Just As European Primary Issuance Supply Surges | ZeroHedge

Countries are dropping there debt in european countries due not wanting to be the last ones holding and being stuck with worthless paper.

[cmforte]

Originally Posted by SilverOne

Japan's Kokusai Liquidates Remainder Of Euro Sovereign Exposure, Just As European Primary Issuance Supply Surges | ZeroHedge

Countries are dropping there debt in european countries due not wanting to be the last ones holding and being stuck with worthless paper.

I'll laugh when the world economy bounces back and the Euro is worth alot again.

[HappyTexan]

Well it's not totally worthless yet. With regards to Greece, they only took 50%. That means you still had 1/2 the money you invested.

And no one will buy new debt. The EU bank had to buy it's own bonds last week.

[Swingblade]

Originally Posted by HappyTexan

Well it's not totally worthless yet. With regards to Greece, they only took 50%. That means you still had 1/2 the money you invested.

And no one will buy new debt. The EU bank had to buy it's own bonds last week.

Action- reaction. We buy your bonds and lose 50% now no one buys them except the central bank. So much for running to bonds for a safe haven.

[EdwardA]

Originally Posted by SilverOne

Japan's Kokusai Liquidates Remainder Of Euro Sovereign Exposure, Just As European Primary Issuance Supply Surges | ZeroHedge

Countries are dropping there debt in european countries due not wanting to be the last ones holding and being stuck with worthless paper.

And the beat keeps going. Will the ECB step in and buy these bonds against their stated mandate or watch rates go higher and higher?

[EdwardA]

Originally Posted by cmforte

I'll laugh when the world economy bounces back and the Euro is worth alot again.

The world economy may come back, in fact I'm certain of it. The Euro as it is currently constituted probably not. Too much dead weight.

[SilverOne]

Euro Schizophrenia in Germany | ZeroHedge

the Plan ; A redo their treaties and abdicate some of their sovereignty
Plan B Eurobonds. Barroso will refloat the idea on Wednesday in reconfigured form
named “Stability Bonds
Plan C Allow the European Central Bank to print unlimited amounts of money to monetize the sovereign debt of whatever country needs it
Plan D however: exit the Eurozone and start a mini-Eurozone of like-minded states


http://www.businessinsider.com/the-r...-hills-2011-11

Run on Eruope begins as global investors head for the hills