>>>Germany has sold €3.9bn of six-month bills at a negative interest rate.
>>>
>>>Thats really not a good sign.
>>
>>You mean investors pay them percentage-fee for right to purchase their debt ?? I do not get it.
>>Link ?
>
>You lend Germany 10 euros and in x years you get 9 euros back. In very uncertain times some investors would regard that as a safe option.

Slight rephrasing:
you lent Germany 10 euros and in x years chances are that you get more euros back than than from other countries,
as possible interest gain is threatened by debt cuts. The bad part is, that will make it harder for germany NOT to
bail out other countries "you have our money already" and thereby make germany vulnerable as well -
the debt level is .8 GNP, which is higher than the 06 aimed for (both from conservative overspending when east germany
was "integrated" and red/green times of weakening EU treaties by going over the debt rules without sanctions,
thereby obliterating any chances for those sanctions to ever become a factor.

regards

thomas