Spain taps 4.00% July 2015 bono, 3.8% January 2017 obligacion and 5.5% July 2017 obligacion. Target amount 2.5-3.0 bln euros Results circa 08:40 GMT France taps 4.25% October 2017 OAT, 3.25% October 2021 OAT, 3.0% April 2022 OAT and 6.00% … Continue reading
Sarkozy: Franco-German effort helped save euro Sarkozy: Europe has exited crisis ECB has done pretty well Hollande: France faces resurgence of crisis Hollande: widespread auterity is potential outcome Sarkozy: Rejects join euro bonds; would result in Franco-German guarantee
But pact needs growth measures too… ECB lend to banks at 1% but banks not lending to states. If they do lend, it is at 6%, like in Spain I knew there was gonna be a “but” in there…
Sarko’s gonna have to throw a few hay-makers to pull out a win at this late date…Polls have him down about 8 points ahead of Sunday’s vote. 2012: Not a good year to be an incumbent…
No word on the ECB’s reaction to Hollande’s call for the ECB to lend directly to governments.
To 46.9 from flash estimate of 47.3.
‘France’s economy has weathered the global crisis of the last five years deceptively well, shielded by a Leviathen state and the postponement of hard choices.’
The latest poll puts Hollande at 53% versus 47% for Sarkozy. The caveat is that 22% declined to say who they would vote for. Intrade has Sarkozy at 11% with betting sites offering slightly better odds. The market is focused … Continue reading
I wonder if M. Hollande is listening? Methinks not…
Love him or loathe him, latest from AEP at The Telegraph.