Image: Sugar Pond, Flickr
The euro is diving, falling back below $1.29.
Italian government 10-year bonds are yielding solidly above 7%
once again. And after falling over 2% yesterday, Italy's FTSE MIB index is off over 1.2%
today. Now it's down
over 3%.
Also on the Italy front, the big bank UniCredit, that got smashed yesterday,
is getting hammered once again today, losing another 7%.
Another one to watch is Deutsche
Bank, which is off 5% right now.
Also, there are heightened fears about Hungary, and whether it is on the
brink of default.
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