To be sure, the rising insurance costs in the derivatives market are simply another sign that investors have been wary of taking on risk in recent days. Stock markets have struggled a little, too, with the pan-European Stoxx 600 index falling 0.8% Friday to 243.62, leaving it down 1.7% last week..'' ''THE ECONOMIST''
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Monday, November 23, 2009
EU's weakest draw scrutiny, ''THE ECONOMIST''
''..Since Nov. 10, the cost of insuring a Greek government bond against a default for five years has jumped 22%, while the same costs for Ireland climbed 14%. Italy's and Spain's credit-insurance prices, meanwhile, have jumped about 18% over the same time period.
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