Next Greece: Portugal Borrowing Costs Hit New Record (20.27%)

[davidson]

30, Jan, 2012

Borrowing costs for Portugal pushed to euro-era highs for the second consecutive day Friday, while the cost of insuring that debt also hit fresh records.

Investors are betting that after cap-in-hand Greece comes Portugal, selling off its stocks and bonds in the belief that the euro zone laggard cannot avoid a default. Portugal's have shot up, setting it on a path towards bankruptcy.


Debt % of Total GDP

Portugal = 92%
-------------------
India = 78%
-------------------
France = 67%
Spain = 60%
UK = 47%


Investors cue up Portugal as the next Greece | Reuters
Portuguese Borrowing Costs Hit New Record - WSJ.com


http://img4.bbs.**********/uploadfiles/images/2012/01/30/0130084508538.JPG

http://en.wikipedia.org/wiki/List_of_countries_by_public_debt

 

[jbond197]

White British American can for see, India's number is next and that's the meat of this thread..

 

[Nakki Nair]

White British American can for see, India's number is next and that's the meat of this thread..

ignore yaar ignore. I am done arguing with davison, Chinese-Dragon, China Today and their likes.

 

[Roybot]

This guy is a joke. He made the same thread yesterday.

 

[davidson]

CNN: Greek fury at plan for EU budget control

January 30, 2012

Greek fury at plan for EU budget control - CNN.com

 

[breeze]

India's collapse will be due entirely to its poor leadership, short-sightedness and lazy populace. The truth hurts Indians a lot.

India's dream to become the next superpower is just that - a dream. Until India wakes up from this delusion dream they will never achieve anything.

 

[Filmmaker]

The debt of india is at crisis level...take care indian friends

Don't Poke ur nose in our internal matters, We can take care of ourselves. For the time being

 

[lamlap]

Don't Poke ur nose in our internal matters, We can take care of ourselves. For the time being

India should be able to overcome it

 

[davidson]

Portugal’s bond yields rose sharply on Monday on default fears

Five-year debt was up at 21.44% in morning trade.(NEW RECORD)
Portugal yields jump on default fears - FT.com

 

[davidson]

(Updated: 22:03) World Stocks big fall. Greece & Portugal weighs on markets

 

[davidson]

Updated: 02:40 am - Europe Stocks Tumble Amid Worries Over Greece, Portugal


LONDON (Dow Jones) - European stock markets ended lower Monday, weighed down by financials and resource stocks as a lack of progress over Greece and soaring bond yields in Portugal gave investors reason to back away from stocks, while fresh U.S. data disappointed.
MARKET COMMENT: Europe Stocks Tumble Amid Worries Over Greece - WSJ.com

 

[davidson]

(Updated: 14:08pm) Portugal Suffers as Loss of Confidence in Bonds Sends Yields RECORD Higher

http://www.nytimes.com/2012/01/31/business/global/spanish-economy-shrinks.html

 

[lamlap]

The Consolidated debt(Centre + State) level of India was at a concerning level of 78.8% of GDP at the end of March 2010(13th Finance commission),the basis on which the report concerning this thread was written.

Debt level of India is 78.8% in March 2010

Debt level of India over 90% in Jan, 2012, I predict

India sovereign bond rating is BBB-, one notch above BB- JUNK LEVEL (Junk level = Greece or Portugal ratings), take care India friends .

Junk Bonds: Everything You Need To Know

http://img4.bbs.**********/uploadfiles/images/2012/01/31/013115252870.JPG

 

[davidson]

Feb 1, 2012

The euro fell to its weakest level in almost a week versus the dollar as investors speculated European policy makers won’t be able to reach an agreement regarding Greece’s debt obligations.

Euro Falls to Lowest in 5 Days Versus Dollar - Bloomberg

 

[davidson]

Stalled Greece Negotiations Will Weigh On Euro Going Forward

Feb 3, 2012

Talks between Greece and its private sector creditors have still not come to a conclusion and there has been a complete absence of updates on progress this week - raising the uncomfortable possibility that negotiations drag on into another week.

Stalled Greece Negotiations Will Weigh On Euro Going Forward - Forex Analysis, Currency Forecast, FX Trading Signal - Action Forex