The Economist (November 23)
“What safe haven?” As worries spread, the entire Euro zone looks increasingly tainted. “There is an awful sense of a slow motion disaster in the markets at the moment, with every day bringing some herald of bad news.” The latest bad news involved Germany. Once considered a safe haven, Germany was only able to auction €4 billion of a planned €6 billion bund sale.
“What safe haven?” As worries spread, the entire Euro zone looks increasingly tainted. “There is an awful sense of a slow motion disaster in the markets at the moment, with every day bringing some herald of bad news.” The latest bad news involved Germany. Once considered a safe haven, Germany was only able to auction €4 billion of a planned €6 billion bund sale.
Tags: Disaster, Euro zone, Germany, Markets, Safe haven
