Trajan
conscientia mille testes
well, looks like Portugal is next up in the box................ Balls in your court Merkel.
What? Thats a No go? We'll see about that.
Cost of Portuguese debt rises to unsustainable levels
By David Oakley in London, Peter Spiegel in Brussels and Kerin Hope in Athens
Published: January 18 2011 20:44 | Last updated: January 18 2011 20:45
Portugal’s cost of borrowing brushed close to euro-era highs on Tuesday as Germany resisted calls to bolster the eurozone’s bail-out fund for heavily indebted economies on the continent’s periphery.
Portuguese bond yields jumped above 7 per cent – a level that Lisbon has admitted is unsustainable – after concerns rose that the eurozone crisis could worsen, following comments from Wolfgang Schäuble, the German finance minister.
Mr Schäuble appeared to put the brakes on plans to increase the size and scope of the €440bn ($588bn) European financial stability facility, at the end of ministerial meetings in Brussels.
more at-
FT.com / Markets - Cost of Portuguese debt rises to unsustainable levels
What? Thats a No go? We'll see about that.
Cost of Portuguese debt rises to unsustainable levels
By David Oakley in London, Peter Spiegel in Brussels and Kerin Hope in Athens
Published: January 18 2011 20:44 | Last updated: January 18 2011 20:45
Portugal’s cost of borrowing brushed close to euro-era highs on Tuesday as Germany resisted calls to bolster the eurozone’s bail-out fund for heavily indebted economies on the continent’s periphery.
Portuguese bond yields jumped above 7 per cent – a level that Lisbon has admitted is unsustainable – after concerns rose that the eurozone crisis could worsen, following comments from Wolfgang Schäuble, the German finance minister.
Mr Schäuble appeared to put the brakes on plans to increase the size and scope of the €440bn ($588bn) European financial stability facility, at the end of ministerial meetings in Brussels.
more at-
FT.com / Markets - Cost of Portuguese debt rises to unsustainable levels
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