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German bond sale fails

Central bank has to buy them to mask reality

bond sale , Euro , Europe , European Union , Germany , November 23, 2011

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Start re-arranging the deck chairs

It still costs Germany less to sell its debt than anyone else in the eurozone. Merkel she said finds it "extremely inappropriate" that the EU Commission keeps focusing on eurobonds.

If the market is turning its nose up at German bonds, who on earth is going to buy Greece and Italy?

Europeans continue to dream about solving the problem.

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