The events of Wednesday 23 November in the Eurozone were a turning point in the history of the 17 member state economic and monetary union of the EU.
For one thing, it was the first time in the 11-year history of the common currency that an issue of German ‘bunds’ (sovereign bonds), fell dramatically short of expectations.
A €6 billion, ten-year bond issue was placed in the market by the German treasury. The result was that not only did it attract less money than the ...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|