Monday, January 10, 2011

More Europe: Portugal, Belgium and Spain

by Calculated Risk on 1/10/2011 06:58:00 PM

Three articles from the Financial Times (excerpts with permission):

Concerns over Belgian debt levels grow

[Belgian] 10-year debt yields rose 12 basis points to 4.24 per cent ... Belgium now pays a 1.4 percentage point premium, or spread, over benchmark German paper, the highest since January 2009.
ECB intervenes as debt crisis deepens

• And a commentary: Europe must look beyond Portugal
Repeatedly having one’s hand forced by markets is no way to manage financial turmoil. Madrid and the eurozone must prepare for a bond strike against Spain before one happens.