Friday, 11 October 2013

GREcovery: a return to the markets?

Well, not quite yet. The Greek 10Year yield is now trading at below 9% ... A second instance since last May and after three years of double digits (distressed levels).
Another 500 basis points and we start gazing at a more-or-less decent return to the markets ... !
Still that will be greater than the current debt servicing cost but what the heck!

GERCOs: Austria, Netherlands
FRANCOs: Belgium, France
PIIGS: Portugal, Ireland, Italy, Greece, Spain

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