European Contagion Spreads - Is This Rational? [View article]
Are rising Libor rates and Libor OIS spreads rational?
With the tangle of deals that have been struck (guarantees here and there) with the ECB and member states, uncertainty over exposure, different loan loss provisions and the viability of the zone as a whole, I tend to think the market is rational in expressing doubts and fears.
European Contagion Spreads - Is This Rational? [View article]
With the tangle of deals that have been struck (guarantees here and there) with the ECB and member states, uncertainty over exposure, different loan loss provisions and the viability of the zone as a whole, I tend to think the market is rational in expressing doubts and fears.