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Spain yields surge
Spain sold three month bills at an average yield of 5.11%, which was more than
4.63% paid by Greece for 13-week bills sold on Nov. 15 and 4.895% paid by
Portugal for three month bills on Nov. 16. Spain’s three month borrowing cost
have doubled from the rates it paid in previous auction a month back, as investors
concern towards solvency of country’s US $819bn public debt increased . Spain’s
debt to GDP ratio at 60% is better than Greece (143%) and Portugal (93%), but the
problem with the country’s economy is that unemployment (as % of working
population) at 21% is alarmingly highest among the euro zone countries. Newly
elected popular party has very difficult task in hand, to continue implementing
austerity measures imposed on by Eurozone and simultaneously look for growth so
as to handle its sky high unemployment.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Spain yields surge
Spain sold three month bills at an average yield of 5.11%, which was more than
4.63% paid by Greece for 13-week bills sold on Nov. 15 and 4.895% paid by
Portugal for three month bills on Nov. 16. Spain’s three month borrowing cost
have doubled from the rates it paid in previous auction a month back, as investors
concern towards solvency of country’s US $819bn public debt increased . Spain’s
debt to GDP ratio at 60% is better than Greece (143%) and Portugal (93%), but the
problem with the country’s economy is that unemployment (as % of working
population) at 21% is alarmingly highest among the euro zone countries. Newly
elected popular party has very difficult task in hand, to continue implementing
austerity measures imposed on by Eurozone and simultaneously look for growth so
as to handle its sky high unemployment.
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