Monday, November 23, 2009

EU's weakest draw scrutiny, ''THE ECONOMIST''

''..Since Nov. 10, the cost of insuring a Greek government bond against a default for five years has jumped 22%, while the same costs for Ireland climbed 14%. Italy's and Spain's credit-insurance prices, meanwhile, have jumped about 18% over the same time period.

To be sure, the rising insurance costs in the derivatives market are simply another sign that investors have been wary of taking on risk in recent days. Stock markets have struggled a little, too, with the pan-European Stoxx 600 index falling 0.8% Friday to 243.62, leaving it down 1.7% last week..'' ''THE ECONOMIST''

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