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    .. the markets confidence (or lack of) in the Euro is really coming home to roost.

    The European Stability Fund that is supposed to bail-out ailing Eurozone members may need bailing out itself!

    There was a sale today of 10-year bonds by the European Financial Stability Facility.

    They barely managed to get €3 billion it targeted. Yet they offered an good yield, of 90 basis points.

    How much longer can this farce stagger on. Reality must dawn on the European politicians soon with their sticking plaster solutions coming apart.

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