Interest Rate On Debt Soars to a New Record ; Economy Today Economy

The JournalMarch 29, 2011

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Summary


PORTUGAL'S financial troubles deepened yesterday despite political efforts to contain the acute debt crisis that is also worrying the 17-nation eurozone.

The interest rate on Portugal's 10-year bond surged to a new euro- era record of 7.9% - an unsustainable borrowing cost for the cash- strapped country.

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Interest Rate On Debt Soars to a New Record ; Economy Today Economy

Also, ratings agency Sta...

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