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Southern European government yields declined considerably during 2012 and the bond market is open again for states and banks from these countries. Does this mean that the sovereign debt crisis is resolved in Europe? This was one of the questions Lars Kirkeby, Chief Analyst at Norwegian Industrials, answered during his presentation at Nordea Bank in Luxembourg. Never say never again. This is certainly true for the decidedly indestructible Silvio Berlusconi, who in December 2012 announced his comeback. What happened after this announcement?
Lars Kirkeby, Chief Analyst at Nordea in Norway explains, “The markets had been relatively quiet for more than twelve months until former Italian Prime minister Silvio Berlusconi announced his return to politics. The debt market...
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