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Investors rethink German resilience

  • Listed: November 23, 2011 6:49 pm

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EUROPEAN stocks closed sharply lower overnight as a weak sale of German 'gold standard' bonds rattled investors. Dealers said investors were shocked by the bond auction in Germany, Europe’s paymaster, powerhouse economy and up to now, trusted safe haven for investors anxious to protect their money at all costs. They said the outcome highlighted eurozone strains as debate over the use of pooled euro bonds to tame the crisis intensified. The EU meanwhile was unveiling its euro bond plans, sparking a sharp riposte from German…

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