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Inside the News: Debt contagion seeps into euro zone's core

Wednesday, November 16, 2011 - 03:45

Nov. 16 - More risk aversion as borrowing costs rise in ''triple-A'' rated France, Austria, Belgium and Holland, raising fears that even core euro zone members aren't immune from the region's debt crisis.

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They examined London -- -- so more risk aversion is borrowing costs rising AAA rated -- -- Austria and Poland. Raising fares even cool eurozone member countries may not be immune from the region's debt crisis. -- -- continues to -- the prevented stairways and dragging down the world economy Italian prime minister doesn't matter amongst you and inform the country's president today. But he's assembled a new government his cabinet featuring experts academics and politicians we'll try to speed up reforms put Italy's finances on a sustainable -- In Athens new prime minister who was probably the most expects to win a confidence -- today he was then implement painful measures to secure freshman stave off default. Many analysts believe the only way to spend a contagion now it's easy -- by -- large amounts of bonds. So -- Germany has been resistant to design different -- government economic advisor Peter bumping up. But -- choose save as such a move might be necessary. To the markets now the Euro slipping to a fresh one month low against the dollar and the yen the single currency. I've being sold off to French bond yield spreads -- -- -- Euro -- highs in -- rates in Austria sees it spreads. Also worked shoots up France's finance -- minister says the government is doing everything to preserve its triple a rates saying. The dollar is -- steady against the yen after the Bank of Japan kept policy on hold as expected investors wary of more intervention. By Japan to stem the yen's rise. These threats of Euro zone debt contagion putting our European stocks in negative territory -- say it puts in Europe for us is off four tenths of 1%. But 966. And a half of the yes start of play how what sheds and Vivendi -- cut its full year profit target because of attacks on -- from its. In fixing problems arising with -- -- to be under pressure markets not convinced that's a quick exit ahead with the yield on the Italian ten year benchmark. Again about the crucial 7% -- for an outlook. -- -- -- spreads I'm joined by our fixed income analyst -- -- bottom out of agenda it's we have a 7% again what about remaining your members. But I so companies of all you Arizona counties yields are widening to the only exit from over Germany even the Netherlands and feed them. I didn't get how you live there with -- Joan just a few days ago. France is now to the home but would also add that to me a bitch America. And recipes would be the next school -- because and of the market -- of this -- as Lucius and general -- and I all of one of the 28. Or -- nice to get those live for you that if I am I'm within ninety. Basis points in the usable senate pesetas back then about 78 business -- since that the opening of the -- by C a bull with 7% -- of the regardless of gifts of all -- Won't have diamond mostly using that as soon missiles that are -- in the position. In Spain as much as mindless people want the same that arises they didn't vote to an increase but -- by morning nobody 11 AM surely the two days. But do you like okay. It says that many thanks so much data -- says bank Lehman releases its phase inflation report. Many expected to Governor Mervyn King signal more Q we may be needed. As the prospects of the UK Carly wasn't UK on employment they set. How an hour earlier expected to show the jobless rate rising to wait point 2% leaving more than one in five youngsters without a job now. And here as an expiration dates and like you show the pace of price rises falling back in October. To -- point three cents coming up by about ten minutes London Stock Exchange chief executive. Is that it Monet from a -- sorted first half revenues and how an LCH take care what impact results going for the things fifteen. I'm out of trouble which is lenses.

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Inside the News: Debt contagion seeps into euro zone's core

Wednesday, November 16, 2011 - 03:45