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Dead Country Walking?

The Portuguese government is breathing a sigh of relief after today’s bond auction, in which Portugal managed to sell €1.25 billion of its debt. Crucially, €599 million of ten-year bonds were sold at an average interest rate of 6.71%, slightly belo…

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D-day for Portugal?

Tomorrow is set to be a big day for Portugal, as it hopes to find buyers for between €750m to €1.25bn of bonds – not a small feat. As the markets turn up the heat, investors think it’s increasingly unlikely that Portugal will make the grade.Ahead o…

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MPs will today vote on the first part of the EU Bill – the so-called sovereignty clause, which stipulates that EU law exists only by virtue of an Act of Parliament. Some Tory MPs have opposed this clause on grounds that the explanatory notes of the Bil…

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Sounds familiar?

1) Country X faces spiralling borrowing costs2) EU leaders rush to say that there’s nothing to worry about, but have a pop at Anglo-Saxon ‘speculators’, while the ECB buys more junk bonds to ease market fears3) Country X’s borrowing costs continue …

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Is Cameron facing defeat over the EU Bill tomorrow? Some have flagged up that prospect though we suspect the Bill will see it through tomorrow’s debate in the Commons unscathed (backbench Tory MPs have differing priorities, Labour MPs are a bit all ove…

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“A terrible experiment”

It’s a terrible experiment which we’ve begun- Rolf Krause, the Brussels bureau chief of German State TV ARD, commenting on the euro, adding that it would be a good idea to slim down the eurozone.

Posted by Open Europe blog team