The eurozone debt crisis, banks? interconnectedness to indebted countries and the removal of the senior status of unsecured bonds created a ?recipe for disaster? in the European bond market in the second half of the year, with bond issuance falling to a nine-year low.
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Source: http://www.efinancialnews.com/story/2011-12-22/dealogic-dcm-data-h2-2011?mod=rss-home
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