Monday, November 28, 2011

Euro at Risk

This article in The Telegraph (U.K.) indicates that the strongest nation in the euro zone - Germany - went to market to sell bonds (i.e., borrow money) and found 30% of their ten-year bonds were not purchased.

The article takes a dim view of Europe's future:
Until recently, the idea that the eurozone could break into pieces seemed outlandish. But increasingly, it appears to be the most likely outcome.
And yet in the recent GOP candidates' debate on foreign affairs, Europe's problems were hardly mentioned.