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Euribor could drop to 2.5% next year as Spain drives economic growth in bloc
INTEREST rates in the Eurozone could fall to 2.5% next year, having closed August 2024 on 3.75%, according to latest research.
Spain verging on bankruptcy
16/01/2009
However, this is still lower than the 130 it hit last December [the figures mean that for a price of 100 supposes that to cover bonds of ten million euros, 100,000 should be paid].
According to Merrill Lynch, the 106 figure means that there is an 8% probability of not paying, but over the last few days this has increased to a 9% probability.
By comparison Germany has a 4% rating, Greece an 18%, Ireland a 15% and Italy 14%, with rumours rising that possibly one country of the euro zone is considering pulling out of the single currency.
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