Blog: Why Germany was wrong to boss foreign investors around

So suddenly no-one wants to lend to Germany for the next ten years - hardly surprising because by lending to Germany investors are effectively lending money to Greece, Portugal and even Italy.

When you look at it like that, it's not the biggest surprise investors have had over the last few months and in itself doesn't mean Germany isn't a safe haven. It is, but just not at the yields it was offering on the ten year bund. The other problem here is Germany seems to have forgotten one of the basic principles of financial - you can't buck the markets. It came to market with the issue at a time when the market knows Europe needs money, and it knows Germany is the only real source of that money for a bailout in whatever form that occurs. The market would have played ball if Ge...