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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 23 July 2012 [View all]xchrom
(108,903 posts)73. Europe shaken by fear Spain will need full bailout
http://hosted.ap.org/dynamic/stories/E/EU_EUROPE_FINANCIAL_CRISIS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-07-23-08-46-50
FRANKFURT, Germany (AP) -- Europe is on the brink again. The crisis over too much debt in the 17 countries that use the euro flared dangerously on Monday.
Fears that Spain was next in line for a full-blown government bailout intensified following a weekend of bad news about Europe's fourth-biggest economy. Madrid's borrowing costs on its 10-year bonds - an indicator of market confidence in a country's ability to manage its debt - hit an alarming record of 7.45 percent during morning trading, pushed up by reports that the country's indebted regions might join its banks in requesting expensive bailouts.
Stocks slid continent wide. Germany's DAX fell 1.7 percent. Britain's FTSE was off 1.7 percent. The French CAC 40 was off 2.0 percent. The euro fell to $1.2118.
Yet it was far more than just Spain's struggle.
FRANKFURT, Germany (AP) -- Europe is on the brink again. The crisis over too much debt in the 17 countries that use the euro flared dangerously on Monday.
Fears that Spain was next in line for a full-blown government bailout intensified following a weekend of bad news about Europe's fourth-biggest economy. Madrid's borrowing costs on its 10-year bonds - an indicator of market confidence in a country's ability to manage its debt - hit an alarming record of 7.45 percent during morning trading, pushed up by reports that the country's indebted regions might join its banks in requesting expensive bailouts.
Stocks slid continent wide. Germany's DAX fell 1.7 percent. Britain's FTSE was off 1.7 percent. The French CAC 40 was off 2.0 percent. The euro fell to $1.2118.
Yet it was far more than just Spain's struggle.
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The whole scam is just so massive. It's just mind boggling how complicit the richest criminals have
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Jul 2012
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Jul 2012
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Jul 2012
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Raining like mad in the markets, too. US Futures looking UG-LEE. Italy down 5%
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Jul 2012
#40