EuroZone’s slide toward a wider crisis speeds up a bit with Greek deal
The fear was that once Greece struck a deal to reduce its debt load everybody—Portugal, Ireland, Spain, and Italy—would want to do it. We haven’t quite come to that but so far, in the four days since the Greek deal was announced, both Portugal and Spain have asked—more or less—for a better deal from the EuroZone.
Portugal gives signs of heading down the road that leads to Greece
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Will Moody’s downgrade of Portugal to junk help save Greece?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A successful bond auction delays the end game in the Portuguese debt crisis
Today’s auction of $780 million of 10-year Portuguese government bonds saw plenty of demand and an interest rate far lower at 6.716% than projected by the worst-case scenario. Last Friday, January 7, yields on the Portuguese 10-year bond hit 7.14%, an interest rate that Portuguese officials called unsustainable.