PIIGS nations’ Government Bond Yield rising
Government bond yields for all the PIIGS nations are continuously rising, giving an indication that its not just the Greece but more debt laden nations are ready to join the ‘crashed by debt’ party. Investors are not ready to accept the measures taken by the governments and the EU in this regard. Graphs indicate that the next may be Ireland or Portugal to be bailed out and then Italy and Spain would be ready to do more damage. This seems to be a never ending ask. How much much will EU, IMF and others will be able to throw into these economies? In order to find a solution to the debt problem, we are creating more debt. Who will eventually pay these debts when all are reeling under it?
Spain 10-Year Government Bond Yield