EU Bailout/Rescue package needed now for beleaguered EU sovereigns.

Sovereign bond investors are freaking out at the size of Greece’s sovereign debt, estimated to have reached 135 percent ratio to GDP, and no clear signs of debt reduction, by asking higher and higher risk premium to purchase it, at the risk of provoking what they actually fear or wish for, debt default by Greece.  With risks of contagion throughout Europe and on its fringes, the EU has to come out clearly and forcefully with a common EU rescue package, implemented by IMF, towards European beleaguered debt-ridden sovereigns, to stave off panic and reassure sovereign bond investors that the situation is fully under control, by Marwan Elkhoury (Read the full story here).