Les investisseurs se débarrassent de leurs avoirs en dettes souveraines européenne

Europe Fears a Credit Squeeze as Investors Sell Bond Holdings

[The New York Times]

Financial institutions are dumping their vast holdings of European government debt and spurning new bond issues by countries like Spain and Italy. And many have decided not to renew short-term loans to European banks, which are needed to finance day-to-day operations.

If this trend continues, it risks creating a vicious cycle of rising borrowing costs, deeper spending cuts and slowing growth, which is hard to get out of, especially as some European banks are having trouble meeting their financing needs.
Lire : nytimes.com