Tin hats all around:
"The German government was unable to sell about 35pc of the €6bn (£5bn) 10-year bonds it offered to the market, getting just €3.9bn of debt away. The setback came as Fitch Ratings issued a warning that France’s AAA credit rating would be at risk should the crisis result in a sharper downturn in the country than currently envisaged."
http://www.telegraph.co....ster-rocks-markets.html
Unfortunately, the the European Debt Crisis is causing LIBOR rates to inch upwards, already 66% higher than January.
http://www.bloomberg.com...me-since-july-2010.html
Once LIBOR breaches, 0.53625% the next target could be 1.32%, 2.21%, 2.9% and 5.3% as the Debt Crisis deepens into 2012.
So, those that borrow in $$$ will have a few rough quarters.