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Kingdom News

Thursday, November 10, 2011

Investors ditch the eurozone amid Italian debt meltdown

The yields on Italian bonds soared through the crucial 7pc level effectively shutting out Europe's third biggest economy from capital market funding. Rome was left floundering as its sacrifice of Prime Minister Silvio Berlusconi failed to reassure markets and created even greater confusion. Analysts warned that Italy was now a "lost cause" and "staring bankruptcy in the eye" - while Europe lacks the mechanism or firepower to support it. Fear ripped through the sovereign bond market taking Spanish, French and Belgium borrowing costs

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This news break & Ministry insights are brought to you by the Love of the Brethren Sojourners, Temple Knight & it's elder J.Blair in Jesus Christ Love. To all pilgrims in dispersion, to the elect according to the foreknowledge of God the father, in sanctification of the spirit, for obedience and sprinkling of the blood of Jesus Christ.

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