Wednesday, July 25, 2012

Eurozone Crisis: Euro Dooms?

It scared me moreover with people in the Europe. Seemed that all efforts are futile right now. More drastic and extreme measure should be taken.

Below were taken from

Spain edges closer to disaster as the euro crisis spreads (and Greece is facing a 1930s-style depression)

  • Fears panic will spread from Spain to Italy and tear the Eurozone apart
  • British taxpayers could be dragged into a bailout of stricken Spain
  • FTSE 100 index of leading shares down 2% as Spain bans short-selling of shares to stem stock market losses
  • French and German markets down 3%
  • Italy heads towards bail-out with nearly £1trillion public debt
  • Spanish sovereign borrowing costs soar to crisis levels: 10-year bond yields at 7.5%, unsustainable in medium term

Read it all here

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