Markets all over the world are showing an increasing lack of confidence in the Eurozone, despite the appointment of technocrats as prime ministers in Greece and Italy who are supposedly better equipped to take those two countries out of debt and upgrade their competitiveness.

Yields, spreads and credit default swaps (CDSs) have sky-rocketed for Spanish, French, Belgian and even Austrian debt, let alone Italy. Italian and Spanish paper set the course for Eurozone debt, while demand for Be...


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