The on-going saga that is the European debt crisis has sent investors heads spinning.
With all the focus on debts and deficits, many investors rightly want to know what that has to do with us in Australia. And then there is the attention devoted to bond yields – hardly mainstream for most investors.
There are no easy answers to the issues facing European countries. Simply they need to get their financial houses in order. And governments must convince investors, rating agencies and institutions like the International Monetary Fund and European Central Bank that they are taking the necessary measures to stabilise, and ultimately address the problems they face.
To read about the key issues of the European debt crisis and its impact on bond yields, click here.
