
By John Galt November 17, 2011 – 05:50 ET Ambrose Evans-Pritchard nails the Euro crisis expansion again in this morning’s edition of the U.K. Telegraph: Latin showdown with Germany over ECB

By John Galt November 17, 2011 – 05:40ET Nothing like waking up to a failed bond auction. Despite the spin, there is no other way to describe today’s 10 year Spanish bond auction where the target sale allocation was € 4 billion but they were only able to sell € 3.6 billion on weak demand and at a record high median yield of 6.745% and a high end yield of 7.08%. The Reuters headline hits the nail on the head: Spain bond sale costs soar…
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