NYTIMES/ LANDON THOMAS/
Fears about Europe's financial crisis have spread from the weaker countries to healthier ones, including Italy and Belgium, and even mighty Germany.
“We have created more doubts than existed before,” said economist Paul De Grauwe.“The interest rate now being charged for Ireland is a vote of no confidence for the package and it has obviously been inspired by a notion that we should punish our sinners. If we don’t succeed in containing this thing it could lead to a disaster in terms of the euro’s survival.”
Now new ideas about how to calm the bond vigilantes are being floated.
Popular Posts
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
- HONDURAS : 4 Nov. UPDATE: 176 Police Arrested For Corruption; Lobo Sacks His Top Cops...Sends Troops Into Sula, Tegucigalpa.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- MEXICO : Zetas Founder/ Leader "Lucky" Hernandez Lechuga Captured In Veracruz.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- USA : 07 May UPDATE: Famous Fat Cat Meow...Dies On Diet.
- COLOMBIA: Corrupt Police Aided Bogota's Fake Torture Brothel.