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News Link • Government Debt & Financing

Global 10-year bond yields: Read'em and weep!

• The Political Commentator
Or better yet, read'em and try not to lose sleep! The world knows only too well the crisis that is currently consuming Greece, the rest of the EU and by extension the globe. A huge two-day drop in the global markets is a testament to that fact. Will there, as called for by Prime Minister George Papandreou, be a referendum vote in Greece to allow the people to decide the fate of the European debt deal? And, at the end of the day, will it really matter anyway as there is little confidence that Greece can be successfully pulled back from the brink? The only thing most likely to occur is a putting off of the inevitable. But what about other members of the EU, such as the rest of the PIGS, who are also in major trouble? The debate over what it is the Greek haircut will be called! Would an imposed haircut on Greek debt be considered an event of default...

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