European Issues Continue to Make Headlines
The FT is reporting today that Portugal is under pressure from euro zone officials and policymakers to seek assistance from the €750bln ($1 trillion) bailout fund. The concern is that Spain is being brought into play by the contagion effect, and the hope is that plugging the Portugal problem may bring that contagion to a halt. Still, that was the hope with Ireland. The average yield investors demand to hold 10-year debt from Greece, Ireland, Portugal, Spain and Italy reached 7.52% yesterday, a record in the time of the euro.
Similar Posts:
- European Periphery Returns to the Spotlight
- TradeTheNews.com European Market Update: Contagion concerns sour risk appetite and spur safe havens flows
- European Credit Concerns Go Global
- Euro Break Out!
- The Periphery Remains in the Headlines
