The New, Scariest Chart In Europe...

And now, Belgium.

The chart below is the Belgian 10-year bond doing a bee-line for the sky.

The latest buzz is that the bailout of Dexia is on the rocks, as the Belgians want to have the French pick up more of the slack.


Photo: Bloomberg

Anyway, at least we can stop pretending this is a crisis caused by Southern Europeans who don’t want to work long hours.

UPDATE: For more on the mess in Belgium, see this explanation from a reader.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at