FXstreet.com (Barcelona) - Europe remains under pressure, with Spanish and Italian government bond yields near their record highs and both countries on their own until the ESM is established. That can only happen after the German Federal Constitutional Court decision on September 12.
“The markets obviously feel quite certain that Spain and Italy will be able to go it alone until then, particularly since the bail-out of the Spanish banks will be shouldered by the EFSF”, wrote Commerzbank analyst Ulrich Leuchtmann.
“The markets obviously feel quite certain that Spain and Italy will be able to go it alone until then, particularly since the bail-out of the Spanish banks will be shouldered by the EFSF”, wrote Commerzbank analyst Ulrich Leuchtmann.
