Investors had two numbers to fret about last week. Unfortunately, they sweated over the wrong one. The world stopped as Italian borrowing costs headed over 7 per cent and into bail-out territory. But that was a technical and rather meaningless development: on Friday, the yield had fallen back to 6.5 per cent without anything much changing. No, the really troubling number came from Athens, where it was announced that the official unemployment rate is 18.4 per cent.
上周有两个数字令投资者发愁。不幸的是,他们选错了担忧对象。当意大利国债收益率冲破7%、进入纾困区间时,世界静止了。但这是一个毫无意义的技术性的事态发展:上周五,在其它没什么变化的情况下,意大利国债收益率回落至6.5%。真正令人不安的数字来自雅典,希腊政府公布的官方失业率达到18.4%。
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