December 5, 2011 S&P: RATINGS ON EUROZONE SOVEREIGNS ON CREDITWATCH NEGATIVE (French 10-year yields have fallen 130 basis points in the past 12 months.) Europe’s debt crisis only seems like it has gone on forever. This series of blog posts...Read more »
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Financial markets are on the edge as investors await a solution to the European debt crisis. This blog examines the banks that hold billions of euros worth of Greek, Italian, and other sovereign debt; the governments that must pay off or refinance that debt; and the implications for the worldwide financial system if they can't.
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