Europe Bailout #5 Is In The Books

Submitted by Tyler Durden on 06/13/2012 10:34 -0400

• Bond
• Greece
• Ireland
• Portugal

After Greece, Ireland, Portugal, and Spain, we just got domino #5. They are falling real fast now:

• CYPRUS LIKELY TO HAVE TO SUPPORT ONE OF ITS BANKS, SHIARLY SAYS
• CYPRUS GOVERNMENT IN CLOSE CONTACT WITH EU ON BANKS: SHIARLY
• CYPRUS'S BANKING SYSTEM AT CRITICAL TURN, SHIARLY SAYS
• CYPRUS PREFERS PRIVATE SOLUTION TO EU BAILOUT FOR BANKS:SHIARLY

And now just the fulcrum domino is left. The boot-shaped one.
Cyprus bond yields are now back at record highs...

Average: