German Finance Minister Says “No More” to Further Euro Bailout Contributions

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German Finance Minister Says “No More” to Further Euro Bailout Contributions

What happens when the lender of last resort has had enough? Finance Minister Wolfgang Schaeuble was quoted on Saturday ruling out a higher German contribution to the euro zone’s rescue fund beyond the 211 billion euros approved by parliament last week. In an interview with the Super-Illu newspaper published on Saturday, Schaeuble said Germany would […]

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Italy 10-Yr Yields Up ANOTHER 5 bps as Hedge Funds Bet “Crisis”

Our daily Italy Debt Watch continues!  Yields are once again hot, up another 5bps at I type (11:30am Pacific time). Italy 10-year yields are blowing up! (Source: Bloomberg) The most popular story on Bloomberg today features hedge funds piling into bets on the European debt crisis getting worse: Hedge funds that trade bonds and loans […]

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