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Best headline of the day [ClearOnMoney]
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Best headline of the day

24 Nov 2011 by Jim Fickett.

From Bloomberg:

Germany Buys Itself First-Class Ticket on Titanic

Germany’s 10-year borrowing cost dropped to a record 1.64 percent on Sept. 23 as bunds offered a refuge from the debt crisis. The rate now exceeds 2 percent …

Bunds also yield more than 10-year U.K. government bonds for the first time since March 2009.

Regarding that headline, though, note that 60% of first class passengers survived the sinking of the Titanic, while only 29% of second and third class passengers survived.

It is probably true that there is a general flight from euro-denominated assets, and Germany will suffer from the current crisis. But it will come through in much better shape than Greece and Italy.