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Maybe trumping disappointment over the Fed announcement is a leak out of Europe that European...

Maybe trumping disappointment over the Fed announcement is a leak out of Europe that European Council head Herman Van Rompuy has prepared a blueprint of reform that will include jointly issued short-term bills, reports Bloomberg.
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  • Techmonkey
    , contributor
    Comments (23) | Send Message
     
    Seems pretty clear. At 1230, markets dived, 10year went up; a little later, Merkel comments and a leak on eurobills hits, bonds dived, markets up.

     

    But given the general German aversion to funding the euro-fringe, I wouldn't hold my breath. Any plan out of Germany will have restrictions, limitations, required targets (anti-sovereign or anti-spendthrift provisions, depending on your point of view), unless and until they are forced to 'eurobonds lite'.
    20 Jun 2012, 02:26 PM Reply Like
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