Comment: The EU may indeed collapse from this crisis.

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SteveMT's picture

The EU may indeed collapse from this crisis.

You may get your wish. How much money can they print?

Spain Boosts Interest Payments as Irish Slump Infects Region: Euro Credit
Andrew Davis and Paul Tobin, On Wednesday November 17, 2010, 1:54 am EST

Spain’s borrowing costs may rise at tomorrow’s auction of as much as 4 billion euros ($5.4 billion) of bonds as the European Union’s squabbling with Ireland over emergency aid threatened to infect neighboring countries.

The extra yield investors demand to hold Spanish 10-year bonds over German bunds of similar maturity rose 4 basis points to 198.2 yesterday, up 26 basis points from Sept. 16 when Spain last sold debt maturing in 2010 and 2041. Spain priced 3.7 billion euros of 12-month bills yesterday to yield 2.363 percent, compared with 1.842 percent a month earlier.