Barclays Capital are out with a new report detailing the horror that is the eurozone’s current situation.
And while a lot of the content we’ve seen elsewhere, there was a particular point we found interesting.
From Barclays Capital (emphasis ours):
On our estimates, public debt would likely become explosive only if interest rates would rise to 7% and would stay at those levels or above thereafter.
Right now, interest rates on Spanish 10-year sovereign debt are near 5.5%.
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