Last week marked more bad news for economies across Europe, including Germany. If more countries follow suit this week, the crisis could reach its threshold
Leaders of France, Italy and Germany are meeting in Strasbourg, and here's the headline: They want to change E.U. treaties so they can better deal with the debt crisis.
If there was any schadenfreude among Germans about the financial plight of their profligate southern neighbors, today's bond market embarrassment might be Germany's wake-up call.
The European Union has the same currency, but not the same borrowing process, between the 17 members. Some would like to change that, but Germany is against it.
The country that's considered the strongest in the eurozone had a hard time convincing investors to lay down cash for its debt today, which means the troubles going on in Europe could be entering a new phase.
Muted interest in German 10-year bonds at an auction today raised feared that investors are getting jittery even over the eurozone's strongest economy.
