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Thursday, October 20, 2011 4:49:48 PM
CHART OF THE DAY: The New Scariest Chart In Europe
Joe Weisenthal | Oct. 20, 2011, 12:09 PM
It's becoming more and more obvious that if Europe doesn't come up with something big, then something very bad could happen.
Greece, in a way, seems like a lost cause. Everyone knows it will default in some way or another.
But while Greece might theoretically be ring-fencable, nobody thinks Italy is, and that's why it's worrisome that its 10-year yield just hit 6% today, after being much lower for awhile back in August.
Eventually, the ECB will have to step in and provide a blank check.
Joe Weisenthal | Oct. 20, 2011, 12:09 PM
It's becoming more and more obvious that if Europe doesn't come up with something big, then something very bad could happen.
Greece, in a way, seems like a lost cause. Everyone knows it will default in some way or another.
But while Greece might theoretically be ring-fencable, nobody thinks Italy is, and that's why it's worrisome that its 10-year yield just hit 6% today, after being much lower for awhile back in August.
Eventually, the ECB will have to step in and provide a blank check.
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