December 7, 2011

PIIGS: How The Bond Markets Treat Them Without The Implicit Backing Of Northern Europe?

If Greece, Italy, et al, can't stomach the austerity that comes with staying in the euro, they should withdraw and see how the bond markets treat them without the implicit backing of Northern Europe. - excerpt from the GWC

Tickers, iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.