Tuesday, November 15, 2011

Falling Euro Adding More Concerns for Top-rated Euro Zone Countries Like France

EU's Concerns over Dropping Euro
TOKYO, Japan (Nov. 15) – Euro zone debt crisis seems to get deepen with further slipping of the euro on Wednesday against dollar and the yen. The top-rated members of euro zone, like France, are feared to get affected because of increasing pressure on the government bonds of these countries.

The euro drop as far as $1.3460 - the lowest in more than one month period - after the French bond yield spread over benchmark German bonds hit euro-era highs.

Italy’s failure under Mario Monti, former EU Commissioner, to crush fears over the country's long-term political and economic future has led to Italian yields shot back above the critical 7 percent level.

Read More ………… at SFM Tools 

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