– November 9, 2010
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“The euro came under pressure as worries over the finances of countries on the edges of the eurozone continued to undermine the single currency.
While the cost of insuring against a default in Portuguese, Greek and Spanish government debt has risen sharply, Ireland has become the main focus of investors’ concerns. The cost of protecting against Irish government default using credit default swaps reached a record level on Tuesday amid anxiety that Dublin would have to be bailed out by its eurozone partners.” Read more.

“Sovereign Debt Concerns Weigh on Euro”
Peter Garnham
Financial Times, November 9, 2010.

Image by jscreationzs / FreeDigitalPhotos.net.

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Tom Duncan

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