FTM: "Europe is like a soup tureen"

Dear reader,

an interesting article was brought to this authors attention (via @_basjacobs) comparing European sovereign bonds yields to a soup plate. Well a soup tureen is a bit deeper and Europe isn't really that flat anyway.

Here is the article in Dutch language by: Follow the money

and it is expressing a dilemma of short term and egoistic advantage vs long term damage and deepening the European divide between those states regarded as 'safe havens' (core) and those considered to be 'less safe' (periphery).

So as jubilant those states with refinancing rates close to zero, or even less than that, are ,as short lived their joy will be when they realize that this cashing in from capital fleeing basically to the north is actually contributing to damage to the Euro area construction as a whole.

So it is certainly worth a consideration to forward some of the recent panic driven advantages to e.g. Spain.

last update: June 6th 2040 CET earlier errors corrected
(accidentally pressed 'update' instead of 'save' button, sorry for publishing some 'draft nonsense')