"How can I know what I think until I read what I write?" – Henry James


There are a few lone voices willing to utter heresy. I am an avid follower of Ilusion Monetaria, a blog by ex-Bank of Spain economist (and monetarist) Miguel Navascues here.
Dr Navascues calls a spade a spade. He exhorts Spain to break free of EMU oppression immediately. (Ambrose Evans-Pritchard)

miércoles, 15 de junio de 2011

Grecia somos todos

 ATHENS—Prime Minister George Papandreou offered to step down from his post if that would facilitate the formation of a national unity government with Greece's opposition political parties, according to two Greek officials familiar with the matter.
Greece’s unending economic crisis has entered a new and more dangerous stage asself-styled anarchist youth clash with riot police in Athens amid rising discontent over fresh austerity measures and the country hurtles towards what looks like all but inevitable early elections. wsj.com
Greek fears intensified after euro-zone officials failed to make progress on discussions about Greek aid and protests against austerity measures turned violent in Athens. Greek bonds were pummeled, sending yields to their highest levels since the inception of the euro (WSJ)
.En el FT: 

Ten year government bond spreads

Country
Latest yield
Spread vs bund
Spread vs T-bonds



3.45%+0.47+0.38
2.98%---0.09
18.21%+15.24+15.14
11.64%+8.66+8.57
4.83%+1.85+1.76
1.16%-1.82-1.91
3.26%+0.29+0.19
5.08%+2.10+2.01
10.84%+7.87+7.77
5.56%+2.59+2.49
2.90%-0.08-0.17
1.66%-1.32-1.41
3.27%+0.29+0.20
3.07%+0.09--

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