Is the euro crisis back with a vengeance, or do investors have a needless case of anxiety?
Until very recently, the gloom over the Continent had seemed to be lifting, with the conclusion of Greece’s second bailout and the calming effect on the financial sector of cheap loans from the European Central Bank. But last week’s jump in borrowing costs for Spain and Italy provided a clear signal that the euro’s problems are far from solved….
Read it all.
With Italy and Spain, Further Tests for Europe
Is the euro crisis back with a vengeance, or do investors have a needless case of anxiety?
Until very recently, the gloom over the Continent had seemed to be lifting, with the conclusion of Greece’s second bailout and the calming effect on the financial sector of cheap loans from the European Central Bank. But last week’s jump in borrowing costs for Spain and Italy provided a clear signal that the euro’s problems are far from solved….
Read it all.