Tuesday 1 November 2011

The results of the European summit


OH CRAP: Look What's Going On In Europe


31 October, 2011

This is not what European leaders want to see less than a week after the big EU summit.
Check out what's going on with the Italian-German 10-year bond spread, a fantastic gauge of contagion fears, and the health of Italy.

Straight up today. It now stands at 404 basis points.



Here's a little perspective on where this measure has been:



You know what else is a great measure of fear in Europe?  French banks.
Here's SocGen:


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