Economist’s Credit-Crunch index—Credit Now Tighter in the euro area than at Height of 2008 crisis

Posted by Kendall Harmon

The euro crisis drags on and on. Spanish yields on ten-year debt hit 6.6% on May 30th, just ten basis points lower than last November's nadir, as the costs of sorting out Spain's banks sink in. With ten-year US Treasuries now at a 60-year low, investors are heading across the Atlantic for the perceived safety of the world's second-largest debt market. According to The Economist's credit-crunch index, credit is now tighter in the euro area than it was at the height of the financial crisis

Read it all and make sure to see that chart on the top left.

Filed under: * Economics, PoliticsEconomyCredit MarketsEuroEuropean Central BankThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* International News & CommentaryEurope--European Sovereign Debt Crisis of 2010

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Posted May 30, 2012 at 5:12 pm [Printer Friendly] [Print w/ comments]
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