PIIGS Spreads Widen Again, As The Euro Tanks Below $1.30

And the quiet worsening of European markets that we’ve seen all week (and particularly so yesterday, when the word “haircut” was reintroduced into the discussion for the year), continues.

Yields on Spanish and Greek debt are both wider, and the euro has tanked below $1.30, a level folks have been watching for a while.

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