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Weak bond sale shakes confidence in Germany

11-24-2011 14:33 BJT

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With the leaders of the euro zone's two biggest economies still at odds over a longer-term structural solution, a "disastrous" Germany bond sale has sparked fears that Europe's debt crisis is starting to threaten even Berlin.

According to Germany’s central bank, the country on Wednesday sought to raise as much as 6 billion euros, or 8 billion dollars, in an auction of 10-year bonds. But it was able to sell only 3.9 billion euros worth.

While rates remain low, the failed auction is a warning sign that Europe’s debt crisis is impacting demand for even the safer credits of so-called core countries.


Editor:Zhang Rui |Source: CNTV.CN

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