Thursday, May 6, 2010

Spanish-German Yield Gap Is ‘Litmus Test’ for ECB: Chart of Day

http://www.bloomberg.com/apps/news?pid=20601109&sid=a12VrzKVNfvA&pos=15

Banks in the region own $850 billion of Spanish assets, by Garthwaite’s estimate. The comparable figure for Greece is just $190 billion. Their holdings include $85 billion of government debt, exceeding the $75 billion total for Greek bonds.

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