POL 333 Journal 13

POL 333 Journal 13 - Financial Times Foreign investors shun...

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Unformatted text preview: Financial Times Foreign investors shun risky eurozone bonds November 10, 2010 This article talks about how foreign investors are not buying the debt of many of the eurozone countries, such as Ireland, Greece, Spain, and Portugal, like they have in the past. This is due to the current debt crisis that is going on in Europe right now. As with Ireland and Greece having to receive financial assistance from their other European neighbors is a bad sign in terms of how well the economy is doing. Since foreign investors are not buying like they had before, it is up to domestic banks and financial institutions to buy the debt of their government, and that what is being seen more and more in the countries listed. This creates a problem however, and that is if there is some sort of collapse the domestic economy will now take the blunt of it and...
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