-------- Original Message --------
Subject: | Literally On the Edge |
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Date: | Mon, 11 Jul 2011 07:34:59 -0700 |
From: | Jas Jain |
Monday, July 11, 2011
Europe: Bond Yields up Sharply for Italy, Greece, Ireland and Portugal
by CalculatedRisk on 7/11/2011 08:35:00 AM
http://www.calculatedriskblog.com/2011/07/europe-bond-yields-up-sharply-for-italy.html
The four countries listed are literally on the edge of Europe—South, South, North West and South West, respectively. Austria, Germany and Switzerland, in the middle and German-speaking, managing quite well. Advances in communication and transportation, most efficient in history by far, have taken away the advantages once enjoyed by ports and countries on the edge. Over time, the advantages enjoyed by the Greeks, Italians, Portuguese and, lately, by Anglo-Americans have dwindled. Germany is claiming its rightful place in Europe and together with China would end the Anglo-American hegemony. Sooner than you think.
Jas
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