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Wednesday, 16 June 2010

European Debt Crisis Still Growing

Portfolio-Speculation that Spain will require a Greece-style financial bailout is on the rise. The yield on 10-year Spanish bonds is 223.5 basis points higher than German debt. That's a record. Investor Jim Rogers tells Bloomberg that the bailouts are "debasing a strong currency" and that "in the end" the euro will be destroyed. more

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