Posts Tagged ‘biggest-economy’

In sign it’s not immune from raging European debt crisis, Germany suffers weak bond auction

Wednesday, November 23rd, 2011

BERLIN — Germany failed to raise as much money as it hoped in its latest bond auction, a sign that Europe’s biggest economy may not be immune from a debt crisis raging across the continent. Germany’s Financial Agency said Wednesday that its latest €6 billion ($8.1 billion) auction of 10-year bonds, at a record-low interest rate, met with only 60 percent demand. It blamed “the extraordinarily nervous market environment” for the weak demand. Read full article > >

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In sign it’s not immune from raging European debt crisis, Germany suffers weak bond auction