In DANGER of DEFAULT
By Daniel at 29 January, 2010, 12:35 am
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Greek and Portugal national debts and credit default swaps in Europe reach a new record, with The Markit iTraxx SovX Western Europe Index of credit-default swaps ,Greece up another 28 basis points to new record of 402, starts to risk banks :
http://www.bloomberg.de/apps/news?pid=20601087&sid=a0Xy50afcjuo&@#$%&!=7
(Bloomberg article Jan 28 2010 10:22 EST “Greece, Portugal Debt Concerns Start to Infect Companies, Banks”)
As Greek national debt soars, investors start doubting it’s ability to ever pay back its debts and that Greece can avoid sovereign default:
http://www.bloomberg.com/apps/news?pid=20601085&sid=aC3jMYma2bW4
(article : “Greek Bonds Show Waning Investor Faith Nation Can Avoid Bailout” Last Updated: January 28, 2010 17:00 EST)
Also the American equivalent index has shot up on credit default swaps on US sovereign debt:
http://www.bloomberg.com/apps/news?pid=20601087&sid=axkVCdMgxZ4k&@#$%&!=4
(Floating-Rate Note Sales Tumble on Fed Outlook: Credit Markets )
Ecuador in danger of default:
http://www.bloomberg.com/apps/news?pid=20601086&sid=aDjGUCzEf2wg
(Ecuador Default ‘Clear and Present Danger,’ S&P Says (Update3)
Last Updated: January 28, 2010 17:50 EST)
- LearnFromMistakes
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