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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…

Posted by Open Europe blog team

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…

Posted by Open Europe blog team

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 …

Posted by Open Europe blog team