Continue running in the prices of credit default swaps, which always costs more insurance against the failure of any issuer of bonds. 
Starting from the countries themselves, to continue with government agencies, financial institutions and finally any kind of corporate issuers more or less solvent, everyone has seen a much higher price paid to secure them from a possible bankruptcy.
last week at the expense has been notably Ireland, which saw the cost of credit default swaps for five years to grow by about 35% in a single week, surpassing in this special classification, Greece.
The main reason of course is in continuous government intervention in the rescue of insolvent banks and economic support different countries.
speeches which have produced in some cases difficult to imagine the situation until a few months ago, like the fact that some banks have a lower risk of default for countries that, at this time guarantee on the deposits of banks themselves.
This is especially valid for the Italian banks, such as Unicredit, and the English ones, Lloyds TSB and HSBC.
see also:
United States and United Kingdom to the brink of disaster debt default in Ecuador
default risk in Italy
0 comments:
Post a Comment