Euro Debt Worries Spread To France And Spain
Published / Last Updated on 10/11/2011
Euro Debt Worries Spread To France And Spain.
Fears continue to escalate yesterday that France and Spain will be the next to suffer in the eurozone debt crisis as 10-year bond spreads reached euro highs above Germany yields.
As Italian 10-year bond yields reached a critical level of 7%, concerns surrounding a possible euro break-up pushed up the cost of borrowing across Europe.
According to the Telegraph, the spread between French and German bonds hit 1.46 percentage points, which is the highest level for nearly 20 years.