Euro hits new low as Italian bond rates spike past 7%

[sasguru]

Stock markets slump as euro hits 11-month low against the dollar | Business | The Guardian

At the start of next year Italy will have to issue a massive new tranch of bonds if it is to sustain liquidity.
I very much fear 2012 will be all doom

[TimberWolf]

I very much fear 2012 will be all doom

Only 2012?

[sasguru]

Only 2012?

I meant the start of the big doom. It's been like the phoney war right now with 2011 like 1939 - nothing much happened. Next year it will kick off in earnest.
With all the news on Italy, people have been forgetting Greece. It's slowly and surely getting terminal there.

[Churchill]

Boomed!!!

[TimberWolf]

I meant the start of the big doom. It's been like the phoney war right now with 2011 like 1939 - nothing much happened. Next year it will kick off in earnest.
With all the news on Italy, people have been forgetting Greece. It's slowly and surely getting terminal there.

After a bit of doom those countries might be back in business in a few years and booming again though, while the UK has generational debts and a massive (and rapidly rising) population?

[doodab]

I actually have to change quite a lot of pounds to euros soon so this is all good for me. Especially as it will swing back the other way in a few years when I may want to repatriate a gazillion euros to buy a London townhouse at a knock down price.

[Mich the Tester]

I actually have to change quite a lot of pounds to euros soon so this is all good for me. Especially as it will swing back the other way in a few years when I may want to repatriate a gazillion euros to buy a London townhouse at a knock down price.

<AtW>

Dirty spekulant!

</AtW>

[sasguru]

After a bit of doom those countries might be back in business in a few years and booming again though, while the UK has generational debts and a massive (and rapidly rising) population?

They could default I suppose and exit the Euro - that would work.
As for UK pop that's a good thing. Germany faces a massive decline in (and ageing) pop.
The UK's economy will likely be bigger than germany's by 2040-2050

[sasguru]

Especially as it will swing back the other way in a few years when I may want to repatriate a gazillion euros to buy a London townhouse at a knock down price.

That's not going to happen for several reasons.
HTH

[doodab]

That's not going to happen for several reasons.
HTH

You think the UK will have joined the euro by then?