Free Money for Germany Is Bad News for Euro


By Mark Gilbert – Germany yesterday (Aug 20) sold 4.04 billion euros ($5.3 billion) of notes that pay no interest, repayable in September 2016.

Investors, it seems, are willing to forgo income for the safety of stashing their cash in the AAA-rated government debt of Europe’s biggest economy.

That’s a huge vote of no-confidence in the region’s growth prospects. more> http://tinyurl.com/qzkdneo

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One response to “Free Money for Germany Is Bad News for Euro

  1. Nice! Having essentially been self-employed for most of my adult life, I appreciate the courage and determination required. I wish you great good fortune as you move forward

    Like

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