2011/04/18

Trouble for Europe

The right-wing populist party True Finns won 19 percent of the vote in Finland on Sunday. The euroskeptic party has said it is opposed to a bailout package for Portugal, which could spell trouble for the euro zone. spiegel


Irish and Spanish credit default swaps rose

The party leader said he expects the EU to change plans for a bailout of Portugal. "Of course there will have to be changes," Timo Soini said.

Portuguese five-year credit default swaps climbed 26 basis points to 625bps this morning, according to data monitor Markit.

The cost of insuring Greek debt also soared after a newspaper report that the country had asked the International Monetary Fund (IMF) and European Union to restructure its debt, although this was later denied by Greece's finance ministry.

Furious Greeks are urging their government to default on its debt as the country struggles to dig itself out of its crisis despite a €110bn (£97bn) bailout. Five-year credit default swaps on Greek government debt surged by 84bps to 1220bps. This means it costs €1.22m to protect €10m of exposure to Greek bonds. Irish and Spanish credit default swaps also rose. guardian


Number of Violent Neo-Nazis Rising in Germany

"The neo-Nazi scene that is prepared to commit violence has become larger. It grew by 600 to 5,600 people in 2010," Heinz Fromm, the president of the Federal Office for the Protection of the Constitution, told the Neue Osnabrücker Zeitung newspaper. In 2000, the number had been far lower, at 2,200. spiegel

Labels: , , ,

e-mail: criticademusicaATyahooPUNTOfr