GERMANY has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region's economic crisis has turned dangerous and could prove "fatal" for the entire eurozone, reports the Telegraph.
The yield on 10-year Greek bonds blasted upwards by over 40 basis points to 7.15% in a day of wild trading. Spreads over German Bunds reached almost four percentage points, by far the highest since Greece joined the euro, and close to levels that risk a self-feeding spiral. Contagion hit Portuguese, Spanish, Irish, and Italian bonds. Read more HOUSE PRICES rose by 8.6% in January, compared with the same month last year, raising hopes that annual house price inflation will soon reach double digits for the first time in almost three years, reports The Times. The last time the UK saw y...
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