German bond sale fizzles
Lack of buyers highlights worries about future of the euro
A bond sale by Germany’s Bundesbank on Wednesday fizzled, as investors shied away even from the country that has so far been the eurozone’s financial stalwart, the Financial Times reports. The bond auction raised only two-thirds of the amount targeted, a worrying sign that the markets are concerned the debt crisis won’t spare Europe’s biggest economy and that the continent’s monetary union could collapse.
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