Debt costs jump for Dublin and Lisbon

Article reports that borrowing costs for Ireland and Portugal shot up on the 1 November 2010 as investors took fright at European proposals to force them to take a greater share of losses in future state bail-outs.

The moves in the bond markets follow agreement at the European Council, Brussels, 28-29 October 2010 on a Franco-German proposal on a mechanism to resolve future Greek-style sovereign debt crises.

i, 10.11.10: Portugal bonds cross dreaded 7% mark (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/381701-portugal-bonds-cross-dreaded-7-mark

ESO: Background information: Merkel’s sacrifices secure fragile triumph http://www.europeansources.info/record/merkels-sacrifices-secure-fragile-triumph/

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